investors look ahead to key jobs data
A television broadcast broadcasts the Fed’s decision to keep interest rates unchanged after the Federal Open Market Committee (FOMC) meeting held at the New York Stock Exchange (NYSE) in New York, USA, on Wednesday, June 17, 2026.
Michael Nagle | Bloomberg | Getty Images
U.S. Treasury yields were little changed Monday as investors eyed key employment data later in the week and watched for a fragile lull in hostilities between the U.S. and Iran.
At 03:50 ET, benchmark 10 year Treasury While its yield increased by less than one basis point to 4.376%, 2 year Treasury Its yield rose just over 1 basis point to 4.102%. Meanwhile, 30 year bond Its yield fell less than one basis point to 4.861%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Investors are waiting for labor market data in the week that is shortened due to the holiday. The bond market will be closed on Friday, July 3, ahead of Independence Day celebrations.
JOLTS job opening data for May, which tracks how many jobs are available in the U.S., will be released Tuesday morning. The June nonfarm payrolls report, which shows the number of jobs added by the U.S. economy last month, will also be released on Thursday. Investors will closely examine these reports to gauge the health of the U.S. economy.
Meanwhile, the United States and Iran have agreed to cease hostilities and allow commercial ships to pass freely through the Strait of Hormuz, following weekend military clashes that threatened to derail talks aimed at ending the conflict.
“Technical discussions are planned to continue in all areas of the MoU,” a US official told CNBC on Sunday. “For now, both sides will withdraw and ships will be able to move freely.”
Oil prices rose; West Texas Intermediate futures rose 0.5% to $69.59 per barrel, while International Brent rose 0.08% to $72 per barrel.
