0851 ET - Treasury yields rise ahead of U.S. jobs data and as the trade gap widens. In November, the U.S. imported $78.2 billion more than it exported, compared to a $73.6 billion deficit in October. Job openings and turnover data are due at 10 a.m. ET., with employment figures coming up later this week. Forecasters expect the numbers to indicate that labor markets are cooling, but not collapsing. If confirmed, that could allow the Fed to stay on hold this month before resuming rate cuts sometime this year. Treasury yields are trending higher amid uncertainty about Trump policies. The 10-year is at 4.631% and the two-year at 4.273%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
January 07, 2025 08:51 ET (13:51 GMT)
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