U.S. Treasury Yields Jumps as Investors Await Key Economic Data

U.S. Treasury yields moved higher at the start of the week as investors anticipate delayed economic data including, January jobs report. The 10-year Treasury yield rose 3 basis points to 4.236%, while the 30-year yield climbed more than 3 basis point to 4.889%. The 2-year Treasury note also edged higher, gaining more than 1 basis point to 3.506%. Attention is now firmly on key reports postponed by the U.S. government shutdown. The delayed January jobs report is set for release Wednesday, with economists expecting 60,000 job gains after December’s 50,000 rise, while unemployment is projected to remain at 4.4%. Investors are also watching out for December retail sales on Tuesday, weekly initial jobless claims on Thursday, and the delayed January CPI report due on Friday.