Investors brace for economic events and government auctions

  • Yields on U.S. Treasury notes are inching higher
  • 2-year Treasury yield had its biggest one-day increase since June
  • 10-year and 30-year Treasury yields also rose
  • Bonds sold off on Friday after strong jobs data
  • Federal Reserve expected to hold interest rates steady
  • Investors will monitor comments from Chair Jerome Powell
  • November CPI report and other economic data to be released this week
  • Two auctions of government paper scheduled

Yields on U.S. Treasury notes are inching higher, with the 2-year Treasury yield experiencing its largest one-day increase since June. The 10-year and 30-year Treasury yields also rose. This surge in yields comes after strong jobs data pushed back expectations for a Federal Reserve interest rate cut next year. The Fed is expected to hold interest rates steady, but investors will closely watch comments from Chair Jerome Powell. Additionally, the November CPI report and other economic data will be released this week. The Treasury market is also facing two auctions of government paper.

Factuality Level: 7
Factuality Justification: The article provides information about the yields on U.S. Treasury notes and the factors driving the bond market. It mentions the recent increase in yields and the impact of strong jobs data on expectations for a Federal Reserve interest rate cut. It also mentions upcoming economic events and data releases that could affect the market. The information provided seems to be based on factual data and market analysis.
Noise Level: 4
Noise Justification: The article provides information on the yield movements of U.S. Treasury notes and the factors driving the market. However, it lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on upcoming economic events and auctions without providing a broader context or implications for investors.
Financial Relevance: Yes
Financial Markets Impacted: U.S. Treasury notes and bonds
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the movement of yields on U.S. Treasury notes, which is relevant to financial markets. However, there is no mention of any extreme event or its impact.
Public Companies: CME (CME)
Key People: Jerome Powell (Chair), Stephen Innes (Managing Partner)

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Reported publicly: www.marketwatch.com