Benchmark US 10-Year Treasury Bond Yields edged higher on Tuesday as investors awaited data on the strength of the U.S. economy.
At 4:50 a.m. ET, the 10-year Treasury yield rose 2 basis points to 4.215%, while 2-Year Treasury Bond It fell 1 basis point to 4.186%.
The yield and price move in opposite directions, with 1 basis point equal to 0.01%.
On the data front, market participants will focus on the Labor Department’s October job openings and labor turnover survey on Tuesday morning. The report, scheduled for release at 10 a.m. ET, will provide estimates of the number of job openings, hirings, layoffs and separations.
Investors will also be closely watching comments from Fed Governor Adriana Coogler and Chicago Fed President Austen Goolsby on Tuesday for hints on interest rate policy.
November employment report The report, due out on Friday, is expected to show the U.S. economy added 214,000 jobs last month, up from 12,000 in October, according to economists surveyed by Dow Jones. The unemployment rate is expected to fall to 4.2%, according to Dow Jones. This is up from 4.1% last month.
The jobs report is important to investors because it will be the last major look at the labor market before the Federal Reserve meets on Dec. 17-18, when it will decide how much to cut interest rates.
—CNBC’s Lisa Kailai Han and Sawdah Bhaimiya contributed to this report.
