Long-dated Treasury yields establish new multiyear highs on Tuesday as traders push more market-implied rates toward 5% under the higher-for-longer theme.
Long-dated Treasury yields established new multi-year highs on Tuesday as traders pushed more market-implied rates toward 5% under the higher-for-longer theme.
More jobs-related data is on the way this week. The September ADP private sector employment report is set for release on Wednesday, followed by weekly initial jobless claims on Thursday. Friday brings the all-important nonfarm payrolls report for September. The central bank is mostly expected to keep the fed-funds rate target above 5% through the first half of next year.
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