U.S. Treasury yields were little changed on Tuesday as investors considered the state of the economy as they awaited data that could inform monetary policy.
The 10-year Treasury yield hit a new multiyear high Tuesday as investors considered the state of the economy and awaited key data from the labor market that could inform Federal Reserve monetary policy.as they passed a last-minute spending bill on Saturday night. That has bought them time to finish the necessary government funding legislation. A shutdown could haveInvestors also weighed the Fed's next interest rates moves.
But uncertainty remains about when the rate increase may be implemented. Two central bank policy meetings remain this year, Oct. 31-Nov. 1 and Dec. 12-13. Investors are therefore closely watching comments from Fed speakers and economic data expected this week. August's Job Openings and Labor Turnover Survey is due Tuesday and economists surveyed by Dow Jones are expecting it to reflect 8.8 million job openings. Other key data releases this week include September's jobs report on Friday.
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