US Treasury yields fell on Wednesday morning, following mixed updates on the new omicron variant.
Return on benchmark 10-year Treasury bond down 1 basis point to 1.4614% at 3:45 a.m. ET. Productivity per 30-year Treasury bond fell below one basis point to 1.857 percent. Yields move inversely with price and 1 basis point equals 0.01%.
The Bureau of Labor Statistics will release the October Employment and Labor Revenue Survey at 10 a.m. ET on Wednesday. Economists polled by Dow Jones predicted that there were 10.6 million open positions in October, up from 10.4 million in September.
An auction is scheduled for Wednesday for $36 billion in 10-year bonds.
– CNBC’s Spencer Kimball and Maggie Fitzgerald contributed to this market report.
https://www.cnbc.com/2021/12/08/us-bonds-treasury-yields-fall-amid-mixed-updates-on-omicron.html Treasury yields fall amid mixed omicron . update