Posted 10/5/2023, 8:07:33 AM
Treasury Yields Steady After Retreat From Highs As Investors Eye Economic Data, Jobs Report Ahead of Fed Rate Decisions
- U.S. Treasury yields were little changed on Thursday after pulling back from recent multi-year highs.
- Investors considered fresh economic data and looked ahead to insights into the economy.
- ADP report showed private job growth slowed significantly in September, sparking recession concerns.
- Upcoming jobs data could affect the Fed's interest rate hike decisions.
- Treasury yields and Fed rate hikes impact borrowing costs and economic growth outlook.
