U.S. 10-year Treasury briefly climbs above 1.6% ahead of key jobs report

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U.S. 10-year Treasury briefly climbs above 1.6% ahead of key jobs report
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Investors will be eyeing Friday's nonfarm payrolls report at 8:30 a.m. ET.

Treasurys

On the data front, investors are expected to closely monitor Friday's nonfarm payrolls report at 8:30 a.m. ET. The figures for September represent a key indicator for the Federal Reserve as it prepares to slow its $120 billion-per-month bond-buying program.nonfarm payrolls data to show that the U.S. economy added 500,000 jobs in September. This follows a big miss in August when just 235,000 jobs were added against a consensus forecast of 720,000.

Unemployment rate figures and average hourly wages data for September are both scheduled to be published at the same time.Elsewhere, Federal Reserve Bank of Dallas President Robert Kaplan is due to retire on Friday, succeeded on an interim basis by the first vice president at the Dallas Fed, Meredith Black.over stock market trades he made.— CNBC's Elliot Smith contributed to this report.

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