U.S. Treasury yields were little changed on Thursday, after pulling back from recent multi-year highs on Wednesday, as investors considered fresh economic data.
U.S. Treasury yields were little changed on Thursday, after pulling back from recent multiyear highs in the previous session, as investors awaited fresh economic data.was down marginally at 4.735%. It had risen as high as 4.884% on Wednesday, hitting a 16-year high. The yield on theTraders are looking ahead to Friday's U.S. jobs report. Economists polled by Dow Jones expect the economy added 170,000 jobs in September.
Many investors took that as a sign of an easing labor market, sparking hopes that the Federal Reserve's interest rate-hiking cycle may come to an end soon. The central bank began hiking rates in March 2022 in an effort to cool the economy and bring inflation down. Many investors have been concerned about the impact of elevated rates on the economy and whether this will result in a recession.
Fed officials recently suggested that interest rates will likely stay higher for longer than previously expected and that there is a possibility of a further rate hike.55-year-old spent $15,000 on his side hustle, quit his 60-hour workweek job—now he brings in up to $23,000 a month
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