US bond yields were mixed Thursday morning as investors gazed at the upcoming economic data this week.
The 10-year benchmark bond yield rose 10 points to 1.5926% at around 2 a.m. ET. The yield on the 30-year government bond fell 11 basis points to 2.2774%. The returns move inversely to the prices.
Investors watch inflation dynamics as the US economy reopens. Speaking to CNBC on Wednesday, former New York Fed President William Dudley said the recent spike in inflation numbers is temporary for now but could become more sustained in the future.
Meanwhile, the US Federal Reserve announced on Wednesday that US companies are struggling to find enough workers and are therefore offering higher wages to entice them to work.
New employment numbers are posted at 8:15 a.m. ET and initial jobless claims are due at 8:30 a.m. ET.
Elsewhere, Atlanta Fed President Raphael Bostic will address at 12:30 p.m. ET and Dallas Fed President Robert Kaplan will address Rice University’s Jones Graduate School of Business.
Comments are closed.