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US jobs report eyed as resilient economy lifts Treasury yield expectations
Forexlive points to a September flash composite PMI of 58.4, with employment growth and price pressures running hot, as markets look to Friday’s jobs data for further guidance.
Markets are focused on Friday’s US jobs report as the next major macro catalyst for Treasury yields, according to Forexlive.
The outlet said market concern is less about a sudden weakening in employment and more about how US economic resilience, despite higher rates, could force bond yields to move higher.
Forexlive cited a September flash composite PMI of 58.4, noting it was the strongest reading in more than five years, with details showing employment growth and price pressures running hot.