U.S. Treasury yields slipped early Tuesday as the bond-market settles following good economic data from the services sector and the labor market in the past few days.
What’s driving Treasurys? Treasurys continued to stabilize after investors digested a stronger-than-expected March jobs report and an over-20-year-high for a gauge of services sector activity. The solid data suggested segments of the U.S. economy battered by the pandemic were recovering swiftly as the pace of COVID-19 inoculations sped up.
Investors will see some minor U.S. economic data on Tuesday. The Labor Department will release its Job Openings and Labor Turnover Survey for March at 10 a.m. ET.
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