U.S. Treasury yields climbed Tuesday morning before falling slightly, with investors focused on two key pieces of employment data due to be released this week.
The yield on the benchmark 10-year Treasury note fell less than a basis point to 1.476% at 4:00 p.m. ET. The yield on the 30-year Treasury bond rose less than a basis point to 2.08%. Yields move inversely to prices.
Payroll firm ADP is set to report on the number of private payrolls added in June on Wednesday, followed by weekly jobless claims data from the Labor Department on Thursday.
However, investors’ main focus will likely be the June jobs report, which the Labor Department is set to release on Friday.
Investors will be keeping a close eye on jobs data, to see if any significant changes prompt the Federal Reserve to consider tightening monetary policy sooner than expected.
Home prices in April rose 14.6% in April, up from a 13.3% increase in March, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday.
An auction was held on Tuesday for $40 billion of 42-day bills.
