Bond Market Signals Potential Economic Slowdown as 10-Year Treasury Yield Drops
The 10-year U.S. Treasury yield fell below the key level of 4.2% for the first time since early September, following weaker-than-expected job openings data that suggested a cooling labor market. Investors are closely watching economic data for clues about the Federal Reserve's interest rate policy, as the central bank enters its blackout period ahead of its upcoming meeting. While the Fed is expected to keep rates unchanged, investors are hoping for guidance on when rate cuts may be considered. Various economic data points, including ADP's private payrolls report and nonfarm payrolls data, are expected later in the week.
