The yield on the 10-year U.S. Treasury note was almost unchanged at 4.76% on Friday, as investors awaited the August jobs report to assess the Fed’s interest-rate path.

The benchmark yield has risen 5 basis points over the past five trading sessions. The market expects the U.S. August nonfarm payrolls report, due at 20:30 Beijing time, to show about 56,000 new jobs.

Earlier in the week, the 10-year yield rose to a three-year high as energy prices increased and Fed Chair Warsh made hawkish remarks. Later, bond prices recovered and yields fell after Fed Governor Waller said inflation could slow.

Florian Ielpo, head of macro at Lombard Odier Investment Management, said the Fed is easier to understand but harder to predict. He believes that uncertainty about monetary policy is becoming a source of volatility for long-term Treasury bonds.

Source: https://tintucbitcoin.com/bien-dong-loi-suat-trai-phieu-my-cham-lai-cho-du-lieu-viec-lam/

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