Stock futures are down slightly as investors await the release of critical labor market data this morning. Here's what investors need to know today. https://t.co/hBUjJiqEiG ...

U.S. Treasury yields declined in Asian afternoon trade, with the market anticipating that fresh data will confirm labor market weakness."Given the Federal Reserve's increased focus on the labor market, today's labor market statistics for October and November may well be market moving, should they fall outside consensus estimates," Danske Bank Research's Jens Peter Sorensen said in a note.The two-year Treasury yield fell 1.5 bps to 3.492%, while the 10-year yield also fell 1.5 bps to 4.165%, according to Tra ...

Core Insights - US Treasury yields increased as economic data faced delays due to the federal government shutdown, leaving investors without key labor market indicators to gauge the Federal Reserve's next moves [1][2] - The two-year note yield rose by three basis points to 3.56%, while the 10-year yield remained stable at 4.10% [1] Group 1: Economic Impact of Government Shutdown - The ongoing government shutdown could lead to expectations of lower interest rates if it negatively impacts the economy, as suggested by UBS strategist Elena Amoruso [3] - The ISM readings indicated a weakening US economy, reinforcing concerns about economic activity during the shutdown [3] Group 2: Market Reactions and Predictions - Traders are anticipating a widening spread between five-year and 30-year Treasuries, projected to reach 106.5 basis points, driven by expectations of rate cuts [4] - There is over a 90% probability that the Federal Reserve will implement a 25 basis-point rate cut this month, reflecting market sentiment [4] Group 3: Labor Market Data Sensitivity - With official labor market data delayed, private data sources like Revelio Labs have gained importance, showing a gain of over 60,000 in total nonfarm payrolls for September [5] - The Bureau of Labor Statistics indicated that its reports may be delayed due to the shutdown, prompting traders to rely more on alternative data sets [6]

BREAKING: 🇺🇸 September rate cut odds surge to 75% after today's labor market data https://t.co/HhvwbasqWa ...