1542 ET - The 10-year Treasury yield rises and the two-year declines ahead of U.S. employment data and a Chair Powell speech tomorrow. Governor Kugler says she will "vigilantly monitor for incoming risks" that may undo progress achieved on inflation. November ADP employment report is expected to print 163,000, according to a Wall Street Journal survey, down from 233,000 in October. Services PMI is forecast to decrease slightly to 55.6 from 56. The 10-year gains 0.028 percentage point to 4.221% and the two-year falls 0.025 p.p. to 4.172%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
December 03, 2024 15:42 ET (20:42 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.