US 10 Year Yield Stable After Payrolls

2025-12-16 14:00 By Anna Fedec 1 min. read

The yield on the US 10-year Treasury hovered around 4.16%, close to its highest level since early September, as mixed economic data did little to shift expectations for the Federal Reserve, with markets still pricing in at least one rate cut next year.

Nonfarm payrolls increased by 64,000 in November, more than expected while an abbreviated October estimate showed a decline of 105,000.

At the same time, the jobless rate rose to 4.6% in November, exceeding market expectations of 4.4% and marking the highest level since September 2021.

Also, retail sales were flat in October after a downwardly revised 0.1% rise in September, missing forecasts for a 0.1% increase as declines in autos and gasoline offset gains elsewhere.

Investors are now looking ahead to remarks from Federal Reserve officials Christopher Waller and John Williams later on Wednesday, as well as the closely watched November consumer inflation report due on Thursday, for further policy guidance.



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