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US bond yields mixed ahead of economic data

3 Jun 2021 10:24 AM

US bond yields were mixed today morning as traders await economic data coming this week. The yield on the 10-year Treasury bill rose 10 basis points to 1.5926%, while the yield on the 30-year Treasury fell 11 basis points to 2.2774%.

Investors are watching inflation parameters as the US economy reopens. Yesterday, former New York Fed Chairman William Dudley said that the recent surge in inflation numbers is temporary for now but may persists into the future.

Meanwhile, the US Federal Reserve said on Wednesday that US companies are struggling to find enough workers, thus offering higher wages to attract them to work. Today, private sector employment figures will be released along with initial jobless claims.

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