Treasury yields rise as traders eye more labor market data

What’s happeningWhat’s driving markets Short-term Treasury yields, which in the previous session dropped towards the bottom of their recent range on a soft job openings report, are nudging higher as more labor data looms.

What’s happening What’s driving markets Short-term Treasury yields, which in the previous session dropped towards the bottom of their recent range on a soft job openings report, are nudging higher as more labor data looms. Together, the data may help the Federal Reserve decide what to do with interest rates at its policy meeting in just under a month’s time.

The central bank is expected to reduce its Fed funds rate target to 4.3% by December, according to 30-day Fed Funds futures.

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What 'unprecedented' volatility in the $24 trillion Treasury bond market looks likeFears of instability in the U.S. banking system and poor liquidity are being blamed for recent extreme volatility in the world's 'safest bond market.'
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