Treasury Yields Rise Ahead of U.S. Labor, Consumer Indicator
1552 ET – Treasury yields edge higher amid expectations of an extended period of high interest rates.
Yieldsare on track for a quarterly increase, as concerns about war-driven energy inflation move markets.
andIranreportedly keep alive talks to restore shipping through Hormuz, while uncertainty lingers on.
Crude rises but remains near pre-war levels.
The JOLTS report is due tomorrow, along with the Case-Shiller house price index, the Chicago business survey and the Conference Board consumer confidence gauge.
The 10-year yield adds 0.003 percentage point to 4.375%.
(paulo.trevisani@wsj.com; @ptrevisani) 0840 ET – Demand for U.S.
government debt weakens and Treasury yields rise, as U.S.
and Iran agree to halt fighting while negotiating a deal to fully restore shipping through the Strait of Hormuz.
Oil prices edge higher but remain around pre-war levels.
Economists surveyed by WSJ expect June job creation to slow to 118,000 from May’s 172,000.
Payrolls are due Thursday as the week is shortened by Friday’s Independence Day holiday.
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| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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