Bond Traders Await Key Jobs Data as Treasury Yields Fluctuate

The yield on the 10-year Treasury remained near its September low as investors awaited key jobs data, including nonfarm payrolls, unemployment rate, and wages. Economic indicators, such as the ADP employment change report and the Job Openings and Labor Turnover Survey, hinted at a cooler labor market. Weekly jobless claims were below expectations, and continuing jobless claims declined, suggesting that layoffs have not increased. Investors are looking for hints about the Federal Reserve's interest rate policy outlook and the state of the wider economy in the upcoming policy meeting.