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10s Still Sub-4.00% Post-ADP

US TSYS

A quick reminder that 10-Year Tsy yields have only managed shallow and brief forays above 4.00% in yield terms during early ’24 dealing, ADP employment data allows 10s to show to fresh session highs of 3.976%, ~2.5bp off the round number. Weekly jobless claims data is up next.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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