Treasury yields edge lower as investors weigh the state of the US economy

 U.S. Treasury yields were lower on Friday as investors continued to assess the state of the American economy.

US economy

At 5:37 a.m. ET, the 10-year Treasury yield was down 1 basis point to 4.192%, and the 30-year Treasury yield was also 1 basis point lower at 4.848%. The 2-year Treasury note yield was down less than a basis point at 3.476%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

On Friday, investors will be monitoring the University of Michigan’s consumer sentiment index, which is due to be published at 10 a.m. ET.

It comes after a weaker-than-expected ADP private payrolls report on Wednesday, and figures on Thursday showed U.S. job openings in December fell to their lowest level since September 2020.

The release of the key nonfarm payrolls report for January, originally due Friday, has been delayed until Feb. 11 due to the brief government shutdown that ended earlier this week.

The report is expected to show a gain of 60,000 jobs for the month, after a 50,000 increase in December, according to economists surveyed by Dow Jones. The unemployment rate is forecast to hold steady at 4.4%.

Read more at: Airtel revenue climbs 20% in Q3

Next week, investors will be watching the release of the consumer price index report for January, which has also been delayed till Feb. 13, two days later than originally scheduled.

Disclaimer: This article is based on publicly available corporate disclosure and is for informational purposes only. It does not constitute investment advice. Investors should rely on official filings and consult financial advisors before making investment decisions.