U.S. Treasury yields rose slightly on Friday morning, and investors looked forward to new employment data for March.
The yield on the benchmark 10-year US Treasury note climbed to 1.6806% at around 6 am Eastern Time. The yield on the 30-year U.S. Treasury bond rose to 2.3416%. Income is inversely proportional to price.
Due to the Good Friday holiday, the US Treasury bond market will be closed as soon as possible, but the key March US employment report is scheduled to be released at 8:30 am Eastern Time.
According to Dow Jones data, economists expect 675,000 jobs to be added in March, and the unemployment rate will fall from 6.2% to 6%.
Last Thursday, investors adjusted a handful of economic data and the consequences of President Biden’s announcement of an infrastructure bill of approximately $2 trillion.
The Labor Department reported on Thursday that the number of people applying for unemployment benefits for the first time was higher than expected last week, with 71
Biden announced the infrastructure and economic recovery plan on Wednesday night. Biden’s plan includes spending on transportation, broadband and affordable housing.
— CNBC’s Maggie Fitzgerald and Vicky McKeever wrote this article.