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US Treasury Yields Mixed as Investors Weigh Midterms, Jobs Data and Earnings
US Treasury yields post mixed moves as investors weigh midterm elections, jobs figures and corporate earnings.
Key points
- The 10-year Treasury yield fell 1 basis point to 4.914% in early trading on Monday.
- Oil prices fell sharply as markets reacted to developments in the US-Iran conflict and hopes of a diplomatic solution.
- The JOLTS report for September is due Tuesday, followed by ADP employment figures on Wednesday.
Why it matters. Upcoming earnings from Apple and Qualcomm are expected to keep attention on the health of the technology sector and Big Tech stocks, which investors are watching alongside jobs data.
The 10-year Treasury yield slipped 1 basis point to 4.914% in early trading on Monday, November 2, while the 30-year eased about 2 basis points to 5.284%, according to CNBC. The 2-year yield rose 1 basis point to 4.589%, showing short- and long-term US government bonds moving in different directions. Oil prices fell sharply as US Secretary of State Marco Rubio said President Donald Trump wanted to resolve the conflict with Iran through diplomacy.
Latest updates
US Treasury Yields Mixed as Investors Weigh Midterms, Jobs Data and Earnings
U.S. Treasury yields were mixed on Monday, November 2, as investors prepared for a busy week. Traders are weighing the midterm elections, forthcoming jobs data, oil prices and major corporate earnings. Results from Apple and Qualcomm are among the earnings closely watched by the market. The 10-year Treasury yield slipped by 1 basis point. Investors are looking to these developments for clues about the direction of the U.S. economy and financial markets.