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US Treasury Yields Slightly Decline, Market Focuses on ADP Employment and ISM Services Data
Summary: According to reports from FXStreet, US Treasury yields edged lower during Asian afternoon trading as investors took a cautious stance ahead of the release of ADP employment and ISM services data. Analyst Michael Brown from Pepperstone stated in a report, 'While service PMI data is almost ubiquitous, last month's US ISM survey will dominate participants' ...
According to reports from FXStreet, US Treasury yields edged lower during Asian afternoon trading as investors took a cautious stance ahead of the release of ADP employment and ISM services data. Analyst Michael Brown from Pepperstone stated in a report, 'While service PMI data is almost ubiquitous, last month's US ISM survey will dominate participants' attention, especially after Monday's disappointing ISM manufacturing reading.' According to Tradeweb data, the two-year Treasury yield fell by 1.6 basis points to 3.499%, while the 10-year Treasury yield dropped by 0.9 basis points to 4.078%.
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Link: US Treasury Yields Slightly Decline, Market Focuses on ADP Employment and ISM Services Data [Copy]
