U.S. Treasury yields had been rising since the beginning of the week as investors focused on a flurry of economic data, including the delayed January jobs report.
As of 2:48 a.m. ET, the 10-year Treasury yield rose more than 2 basis points to 4.231%, and the 30-year Treasury yield rose 1 basis point to 4.874%. The two-year bond yield rose more than 1 basis point to 3.514%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Investors are hoping for a flurry of economic data this week, much of which has been delayed by the partial U.S. government shutdown. This includes the delayed January nonfarm payrolls report, which was originally scheduled for last Friday but is now scheduled to be released by the Bureau of Labor Statistics on Wednesday morning.
Economists surveyed by Dow Jones said in the report that payrolls are expected to rise by 60,000 jobs in December, following an increase of 50,000 in December. The unemployment rate is expected to remain stable at 4.4%.
The consumer price index for January will also be released on Friday morning, delayed due to the government shutdown.
In addition to these reports, investors will wait for December retail sales figures on Tuesday and weekly new jobless claims numbers on Thursday.
