{"id":266647,"date":"2021-06-04T16:13:00","date_gmt":"2021-06-04T13:13:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-bond-yields-edge-lower-after-may-jobs-data\/"},"modified":"2021-06-04T16:13:00","modified_gmt":"2021-06-04T13:13:00","slug":"u-s-bond-yields-edge-lower-after-may-jobs-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-bond-yields-edge-lower-after-may-jobs-data\/","title":{"rendered":"#\n  U.S. bond yields edge lower after May jobs data"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3874d03c560\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3874d03c560\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-bond-yields-edge-lower-after-may-jobs-data\/#How_Treasurys_are_performing\" >How Treasurys are performing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-bond-yields-edge-lower-after-may-jobs-data\/#Fixed-income_drivers\" >Fixed-income drivers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-bond-yields-edge-lower-after-may-jobs-data\/#What_analysts_and_traders_say\" >What analysts and traders say<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-bond-yields-edge-lower-after-may-jobs-data\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. bond yields edge lower after May jobs data<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000294644\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. government bonds yields edged lower Friday morning, after a May jobs report that saw a smaller-than-expected rise in nonfarm payrolls.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"How_Treasurys_are_performing\"><\/span>How Treasurys are performing <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.611%<\/bg-quote><br \/>\n       was at 1.611%, down 1 basis point. Yields and bond prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The yield on the 30-year Treasury<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">2.295%<\/bg-quote><span>,<\/span><br \/>\n       known as the long bond, was at 2.295%, up 0.5 basis point.<\/p>\n<\/li>\n<li>\n      The 2-year Treasury note<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.156%<\/bg-quote><br \/>\n       was at 0.153%, versus 0.158% a day ago. <\/p>\n<\/li>\n<\/ul>\n<p>On Thursday, the 2-year Treasury yield rose by the most in one day since April 26, hitting its highest level since 2013. The 10-year benchmark note, meanwhile, saw its largest daily rate move since May 27, which pushed yields to their highest since May 21.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Fixed-income_drivers\"><\/span>Fixed-income drivers<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> The U.S. economy added 559,000 new jobs in May even though most companies were eager to hire, a further sign that widespread labor shortages are holding back an economic recovery. Economists surveyed by Dow Jones and The Wall Street Journal had produced a consensus forecast for a gain of 671,000.<\/p>\n<p>The unemployment rate, meanwhile, slipped to a pandemic low of 5.8% from 6.1%. <\/p>\n<p>The Wall Street consensus estimate is for a gain of 671,000 in May, based on a poll of economists by Dow Jones and The Wall Street Journal. The unemployment rate, meanwhile, is expected to dip to 5.9% from 6.1%. The official rate probably understates the true level of joblessness by 2 to 3 percentage points, economists say, but it is falling steadily.<\/p>\n<p>Markets have also been fixated on inflation and the Fed\u2019s response to potentially out-of-control price rises. A number of Fed members have already stated that it may be time to start considering removing elements of the Fed\u2019s easy-money policies put in place during the height of the pandemic.<\/p>\n<p><strong>Read next<\/strong>:\u00a0Why the bond market might not suffer another taper tantrum when the Fed signals it is ready to move<\/p>\n<p>On Thursday, New York Fed President John Williams, however, said that it is\u00a0too soon for the central bank\u00a0to start slowing down its asset purchases.<\/p>\n<p>In addition to jobs data, investors also are watching for a report on factory orders due at 10 a.m. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_analysts_and_traders_say\"><\/span>What analysts and traders say<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Treasurys were remarkably unchanged in the run-up to the data, said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets. \u201cSince the release, we\u2019ve seen a modest rally, but nothing to suggest a range break is in the offing. From here, there is little on the macro horizon to alter the prevailing trend ahead of the summer weekend.\u201d<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cCertainly, this is not the \u2018million jobs per month\u2019 that looked like the base case expectation for the late spring ahead of the April payrolls data, but it isn\u2019t a disaster either,\u201d said Thomas Simons, money-market economist at Jefferies, in a note.<\/p>\n<p>\u201cThe data is consistent with other indicators of a labor shortage that was already previously well understood and that should abate somewhat as the enhanced unemployment benefits programs continue to expire throughout the summer,\u201d he said.<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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How Treasurys are performing The 10-year Treasury note TMUBMUSD10Y, 1.611% was at 1.611%, down 1 basis point. Yields and bond prices move in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":251140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-266647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/266647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=266647"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/266647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/251140"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=266647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=266647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=266647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}