US 10-Year Treasury Yield Rises to Over 2-Month High
2025-12-09 15:23
By
Joana Ferreira
1 min. read
The yield on the US 10-year Treasury edged higher toward 4.2%, reaching its highest level since late September, as stronger-than-expected labor market data cloud the Federal Reserve’s policy outlook.
Job openings rose by 12,000 to 7.670 million in October, following a 431,000 jump to 7.658 million in September, with both months surpassing expectations of 7.2 million.
Meanwhile, the weekly ADP report showed the US private sector added an average of 4,750 jobs per week in the four weeks ending November 22, rebounding after three consecutive periods of declines.
Markets currently assign an 87% probability of a 25-basis-point rate cut, up from roughly 67% a month ago, but the 2026 policy outlook remains uncertain.
Analysts anticipate a “hawkish cut,” with Chair Jerome Powell likely to signal caution on further easing amid ongoing inflationary pressures.