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U.S. Treasury yields were unchanged on the final trading day of June, as traders look ahead to more jobs data due later.
Yields on the key 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — were largely unchanged at 4.3646%.
The yield on the 2-year Treasury note, which closely tracks short-term Federal Reserve interest rate decisions, also held steady at 4.1044%. The 30-year Treasury yield, which often moves on geopolitical events, was flat at 4.8522%.
One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.
Yields were largely unmoved during Monday’s trading session, as investors assessed how the evolving Middle East peace process is shaping inflation expectations.
Oil prices edged slightly lower on Tuesday. U.S. West Texas Intermediate futures were hovering around $70 a barrel, and were last seen 0.18% lower at $70.62 in early trade. Brent crude, the global oil benchmark, was 0.34% lower at $72.90.
With energy costs retreating towards their pre-Iran war levels, traders will turn to key employment data this week to gauge how the U.S. economic and inflation picture is unfolding.
The latest JOLTS job openings data for May, due to be published Tuesday morning by the Bureau of Labor Statistics, is expected to come in at 7.3 million, according to consensus estimates. U.S. job openings rose by 731,000 to 7.6 million in April, the highest level since May 2024. The jump meant there were more available jobs than unemployed workers.
The latest ISM manufacturing PMI data for May are out Wednesday, before June’s unemployment rate and nonfarm payrolls, which are due Thursday.
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