U.S. Treasury Yields Rise Amid Anticipation of Unemployment Data

According to Odaily, U.S. Treasury yields increased during the Asian trading session, reversing Wednesday's decline, yet remaining within a recent range. The initial jobless claims data, set to be released this afternoon, is considered a potentially significant input ahead of the Federal Reserve's December rate decision. LSEG data indicates that the money market continues to bet on a rate cut, pricing in an 85% probability of a 25 basis point reduction. Wednesday's ADP private sector employment data showed a surprising decline in November employment numbers. Tradeweb data reveals that the two-year Treasury yield rose by 1.8 basis points to 3.503%, while the 10-year yield increased by 2.5 basis points to 4.082%.