5 Mar 2015
US Treasury yields flat ahead of jobs report
FXStreet (Mumbai) - The Treasury yields are mostly flat as a weaker-than-expected private sector employment report by the ADP was followed by a better-than-expected service sector report, which highlighted the rise in service sector employment. The mixed reports created uncertainty ahead of Friday’s non-farm payrolls report.
The 10-year yield in the US currently trades largely unchanged at 2.117%, while a similar action is seen in the 30-year yield currently trading at 2.72%. The 2-year is also trading flat around 0.663%.
The ADP report released yesterday showed private sector in the US added 212K jobs in February, which is sharply lower than the 250K additions seen in January. Meanwhile, ISM service sector PMI came-in at 56.9 in February, up slightly from 56.7 in January.
The yields could stay flat ahead of the NFP report due tomorrow, which is likely to show employers added 240,000 jobs in February, down from 257,000 in January. In the meantime, the Treasury prices could rise today as the ECB is expected to announce the details of the EUR 1 Trillion QE program.
The 10-year yield in the US currently trades largely unchanged at 2.117%, while a similar action is seen in the 30-year yield currently trading at 2.72%. The 2-year is also trading flat around 0.663%.
The ADP report released yesterday showed private sector in the US added 212K jobs in February, which is sharply lower than the 250K additions seen in January. Meanwhile, ISM service sector PMI came-in at 56.9 in February, up slightly from 56.7 in January.
The yields could stay flat ahead of the NFP report due tomorrow, which is likely to show employers added 240,000 jobs in February, down from 257,000 in January. In the meantime, the Treasury prices could rise today as the ECB is expected to announce the details of the EUR 1 Trillion QE program.