Bond yields hold near recent highs as traders eye jobs report
Treasury yields held near recent highs Thursday as traders waited for the U.S. August jobs data at the end of the week.
What’s happening What’s driving markets Two-year U.S. Treasury yields were holding near 3.5%, their highest level in 15-years, after a flurry of Federal Reserve officials in recent days reiterated the central bank’s commitment to crush inflation by sharply hiking interest rates. Before the payrolls report, U.S. economic data on the slate for Thursday include the weekly jobless benefit claims report due at 8:30 a.m. Eastern and the S&P Global and ISM manufacturing sector indexes at 9.45 am and 10 a.m. Eastern.
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