US Treasury yields rose slightly on Friday morning and investors are expecting new employment numbers for March.
The benchmark 10-year Treasury note yield rose to 1.6806% around 6 a.m. ET. The yield on the 30-year government bond rose to 2.3416%. The returns move inversely to the prices.
The Treasury market will close early due to the Good Friday holidays, but the top US job report for March is slated to be released at 8:30 a.m.CET.
Economists estimate that 675,000 jobs were created in March and the unemployment rate fell from 6.2% to 6%, according to the Dow Jones.
On Thursday, investors reconciled a handful of economic data and the aftermath of President Joe Biden’s announcement of a $ 2 trillion infrastructure bill.
Initial unemployment benefits were higher than expected last week, with 719,000 more workers crossing the unemployment line, the Labor Department reported Thursday. The sum compared to the Dow Jones estimate of 675,000 was higher than last week’s revised downward of 658,000.
Biden presented the infrastructure and economic stimulus package on Wednesday evening. Biden’s plan included spending on transportation, broadband, and affordable housing.
– CNBC’s Maggie Fitzgerald and Vicky McKeever contributed to this article.
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