Futures and options traders work on the NYSE American (AMEX) floor of the New York Stock Exchange on December 8, 2025 in New York City, USA.
Brendan McDiarmid | Reuters
The 10-year Treasury yield was little changed Tuesday as investors digested the latest jobs report and awaited the Federal Reserve’s interest rate decision this week.
The benchmark 10-year Treasury yield rose more than 1 basis point to 4.184%. The 30-year yield fell less than 1 basis point to 4.808%, while the 2-year yield rose more than 2 basis points to 3.611%.
One basis point is equivalent to 0.01%, and yield and price are inversely related.
The job openings and turnover rate survey for October recorded 7.67 million people, far exceeding the 7.2 million expected by economists compiled by Dow Jones.
Market participants expect the Fed to lower its benchmark interest rate at its final meeting of the year.
“We believe the rate cut in December will have the effect of supporting equity markets and credit quality,” Eastspring Investments said in a note.
Economists added that if Fed Chair Jerome Powell signals that the Fed is in a good enough position to skip the next few meetings to assess economic conditions, it would likely strengthen the current stability of the U.S. dollar and keep Treasury yields within recent ranges.
“In contrast, a more dovish message, maintaining the outlook for a January rate cut, would likely lead to a weaker USD and a bearish steepening of the Treasury curve,” the analysts wrote.
