US treasury yields rise ahead of monthly jobs report

US Treasury yields rose today, Jan. 8, as investors assessed geopolitical developments and awaited key US labor market data.

The yield on two-year Treasurys, the most sensitive to changes in monetary policy, climbed 2.1 basis points (bps) to 3.49% as of 5:43 pm Makkah time.

The 10-year yield advanced 4.1 bps to 4.179%, while the yield on 30-year bonds rose about 4.4 bps to 4.859%.

The US Labor Department reported that initial jobless claims for the week ended Jan. 3 increased by 8,000 to 208,000, compared with analysts’ expectations of 210,000.

Investors are also awaiting Friday’s monthly jobs report, with forecasts pointing to the addition of 73,000 jobs in December, up from 64,000 in November.

Geopolitical developments remain in focus, particularly the situation in Venezuela, alongside the US administration’s explicit efforts to assert control over Greenland.