January Jobs Report Expections Brings Treasury Yields Lower
30-year treasury yield was lower by 1 basis point this morning
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- Written by Banking Exchange staff
The 30-year treasury yield was lower by 1 basis point this morning, taking it to 4.775%, which is consistent with most time frames.
Investors are waiting on January payroll reports that were delayed due to the government shutdown.
Most analysts expect a slow down on jobs growth with a consensus forecast of about 55,000, with an unemployment rate of about 4.4%.
Some of the major banks believe the number will be even lower and that the report will fall short of the 55,000 reported in December.
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