U.S. Treasury yields rise during Asian trading session as markets continue to bet on rate cuts
ChainCatcher news, according to Golden Ten Data, U.S. Treasury yields rose during the Asian trading session, reversing Wednesday's decline but still remaining within the recent range. This week’s initial jobless claims data will be released this afternoon, serving as a potentially important input ahead of the Federal Reserve’s December rate decision. According to LSEG data, money markets continue to bet on a rate cut, pricing in an 85% probability of a 25 basis point cut. Wednesday’s ADP private sector employment data was weak, showing an unexpected decline in employment for November. According to Tradeweb data, the two-year Treasury yield rose by 1.8 basis points to 3.503%, and the ten-year Treasury yield rose by 2.5 basis points to 4.082%.
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