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%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin ATM operator Coinme ordered to return over $8 million to customers
Bitwise CIO: Strategy will not sell its bitcoin holdings
USD/JPY falls to 154.65, hitting its lowest level since November 17
Russia's second largest bank VTB plans to launch cryptocurrency trading services through brokerage accounts in 2026
