U.S. Treasury yields held steady Tuesday as markets reopened after the Labor Day holiday and investors looked to key economic data slated for the week.
The yield on the 10-year Treasury yield was last trading at 3.915% after rising less than 1 basis point. The 2-year Treasury yield was last up less than 1 basis point at 3.935%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors weighed the state of the economy and considered the outlook for interest rates as they looked to key labor market data due this week.
Job openings figures for July, ADP’s private payrolls data for August and the August jobs report, which includes nonfarm payrolls and the latest unemployment rate, are all due this week.
Investors will be watching the data closely for fresh signals about the economic outlook. Last month, the July jobs report raised fears about a recession and questions about whether the Federal Reserve should have…
