U.S. Treasury yields were little changed Wednesday as investors considered the state of the economy amid a series of key data releases.
At 6:15 a.m. ET, the yield on the 10-year Treasury was up by 1 basis point at 4.343%. The 2-year Treasury yield was last at 4.785% after rising by more than 1 basis point.
Yields and prices have an inverted relationship. One basis point equals 0.01%.
Yields slid earlier in the week as investors assessed the latest economic data.
Figures from the Labor Department released Tuesday reflected 8.059 million job vacancies in April, below the 8.4 million Dow Jones estimate. This was the lowest level in more than three years, which raised hopes that the labor market may have eased enough for the Federal Reserve to consider cutting interest rates.
The state of the labor market is a key factor in the central bank’s decision-making when it comes to monetary policy. More key labor market data is due Friday in form…
