Treasury yields hold steady as investors look ahead to further economic data

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U.S. Treasury yields were little changed on Wednesday as investors awaited more economic data and weighed the state of the U.S. economy.

At 4:53 a.m. ET, the 10-year Treasury yield was flat at 4.273%, while the 2-year Treasury yield rose less than 1 basis point to 3.577%. The 30-year Treasury yield was down less than 1 basis point to 4.9%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

Investors will be monitoring a series of economic data prints this week, including the January ISM Services PMI on Wednesday morning, weekly initial jobless claims on Thursday, the key non-farm payrolls report for January on Friday, and Michigan’s preliminary consumer sentiment report.

Treasury yields hold steady as investors look ahead to further economic data

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