8 December 2023
Data on Thursday showed that the number of Americans who filed for first-time unemployment aid came in at seasonally-adjusted 220,000 last week, marking a slight uptick from 219,000 for the week ended on Nov. 25.
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7 December 2023
The ADP National Employment report showed private sector job gains of 103,000 in November, below economists' expectations of 130,000. This provided fresh evidence of a weakening labor market, a day after news of falling job openings in October.
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6 December 2023
US Treasury yield fell after economic data showed labor demand fell to a 2-year low. US JOLTs Job Openings recorded job openings in the world's largest economy at only 8.733 million in Oct., less than expected and also lower than the previous month at around 9.3 million.
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5 December 2023
The US Treasury yield raised ahead of the Nonfarm Payroll report later this week. The 10-year US Treasury yield rose 4 basis points to 4.266%, with some arguing that the recent decline in yields is due to the market pricing in a Fed rate cut too soon.
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4 December 2023
Federal Reserve Chairman Jerome Powell warned against "premature" bets on rate cuts as Treasury yields were pressured by growing expectations for sooner rate cuts.
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