Treasury Yields Rebound Ahead of Jobs Report, Though Traders Bet on Fed Rate Cuts in 2020
• 10-year yields rise from 3-month lows ahead of jobs data this week • Traders price in likelihood of Fed rate cuts as soon as March due to dovish comments • Main focus is Friday's November jobs report, expected to show 185,000 added jobs • Yields pared gains after factory orders fell more than expected in October • Traders price in over 50% chance of March rate cut and 126 bps of cuts by end of 2024