Investors Await a Week of Intensive Economic Data Releases as US Treasury Yields Rise

At the opening of the new week, U.S. Treasury yields rose as investors awaited a series of economic data releases, including the delayed January employment report.

The yield on the 10-year U.S. Treasury rose by 3 basis points to 4.236%; the 30-year U.S. Treasury yield increased by more than 3 basis points to 4.889%; and the 2-year U.S. Treasury yield climbed by more than 1 basis point to 3.506%.

One basis point equals 0.01%, and bond yields move inversely to prices.

This week, investors will see a dense schedule of economic data releases, many of which were postponed due to a partial shutdown of the U.S. federal government. These include the January nonfarm payroll report, originally scheduled for last Friday, which the U.S. Bureau of Labor Statistics is now set to release on Wednesday morning.

According to surveyed economists, the U.S. nonfarm payrolls may increase by 60,000 in January, compared to a 50,000 increase in December of last year; the unemployment rate is expected to remain unchanged at 4.4%.

The January Consumer Price Index data, also delayed by the government shutdown, will be released on Friday morning. Economists surveyed by Dow Jones expect the annual U.S. inflation rate to fall back to 2.5%.

In addition to the above reports, investors will also be watching for December retail sales data released on Tuesday, as well as the weekly initial jobless claims released on Thursday. Several Federal Reserve officials are also scheduled to speak intensively this week, with Governors Christopher Waller and Stephen Milan set to make appearances and deliver remarks on Monday.

Editor: Li Zhaofu