Treasury yields slip ahead of job openings data
- The Labor Department is expected to publish job openings data for December at 10 a.m. ET.
- House Democrats launched their stimulus plan for $1,400 direct payments on Monday evening, which will phase out more quickly than they did under previously proposed legislation.
Treasury yields dipped on Tuesday, ahead of data showing the number of job openings in the U.S. in December, due to be released later that morning.
The yield on the benchmark 10-year Treasury note fell to 1.147% at 4:15 a.m. ET, while the yield on the 30-year Treasury bond slipped to 1.923%. Yields move inversely to prices.
U.S. government bonds yields fell, with the Labor Department expected to publish job openings data for December at 10 a.m. ET on Tuesday.
The fall in Treasury yields followed House Democrats launching their stimulus plan for $1,400 direct payments on Monday evening, which will phase out more quickly than they did under previously proposed legislation.
An update from the NFIB small business optimism index for January is due out at 6 a.m. ET.
James Bullard, president of the St. Louis Federal Reserve Bank, is expected to make a speech at 12 p.m. ET.
A weekly API crude oil stock change update is due out at 4:30 p.m. ET.
Auctions will be held Tuesday for $30 billion of 119-day bills, $30 billion of 42-day bills and $58 billion of 3-year notes.
— CNBC's Jacob Pramuk contributed to this article.
Source: Read Full Article