U.S. Treasury yields fell slightly on Thursday, but the 10-year rate held above the 1.5% mark, as investors remained focused on jobs data.
gave up less than basis point, falling to 2.069%. Yields move inversely to prices and 1 basis point is equal to 0.01%., published Wednesday, showed that private jobs rose by 568,000 in September. This was well above the expected reading of 425,000 new jobs and up from the August print of 374,000.
Investor attention will now turn to Friday's nonfarm payrolls report, due out at 8:30 a.m. ET on Friday. The data is monitored by the Federal Reserve, as it mulls when to pull back its emergency pandemic stimulus measures, though the central bank has said it will look to wind down its bond-buying program soon.August's consumer credit data is then due out at 3 p.m. ET.
Auctions are scheduled to be held on Thursday for $10 billion worth of four-week bills and $25 billion worth of eight-week bills.
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