Treasury yields rise ahead of US critical data releases

The treasury prices in the US fell, pushing the yields higher as investors look to key labor market indicators releases this week.

The safe haven demand for the treasuries dropped after a surprise rate cut by PBOC triggered a rally in the riskier assets.

The yield on the 10-yr Treasury note advanced to 1.757% before falling back to Monday’s closing rate of 1.74%.

The first important labor market indicator release comes today via US ISM manufacturing employment index. This will be followed by Wednesday’s ADP jobs report, Thursday’s ISM non-manufacturing employment index and Friday’s non-farm payrolls report.

The treasury prices in the US fell, pushing the yields higher as investors look to key labor market indicators releases this week.

(Market News Provided by FXstreet)

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