As investors await significant upcoming economic developments, survey data from analysts indicate that U.S. Treasury yields remain relatively stable. During the Asian trading session, the market maintained a cautious stance, assessing quarterly economic data and upcoming key reports.
ISM Services PMI and Expert Survey Expectations
According to survey results from The Wall Street Journal, experts expect the ISM Services PMI for January to decrease from 54.4 to 53.5. This notable change will be closely monitored by the market. Michael Brown from Pepperstone brokerage emphasized the importance of this data, especially since the earlier manufacturing PMI data this week showed strong performance. The employment sub-index is particularly focal, as the official January employment report will be released this Friday.
Current Treasury Yield Landscape
Data from Tradeweb shows that the 10-year U.S. Treasury yield increased by 0.3 basis points to 4.274%. Meanwhile, the 30-year Treasury yield remains steady at 4.906%. This divergence across different maturities reflects investors’ cautious sentiment as they await new economic information. Recent surveys indicate that the market is carefully weighing economic signals before adjusting their positions.
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Market Survey Form: U.S. Treasury Yields Remain Stable
As investors await significant upcoming economic developments, survey data from analysts indicate that U.S. Treasury yields remain relatively stable. During the Asian trading session, the market maintained a cautious stance, assessing quarterly economic data and upcoming key reports.
ISM Services PMI and Expert Survey Expectations
According to survey results from The Wall Street Journal, experts expect the ISM Services PMI for January to decrease from 54.4 to 53.5. This notable change will be closely monitored by the market. Michael Brown from Pepperstone brokerage emphasized the importance of this data, especially since the earlier manufacturing PMI data this week showed strong performance. The employment sub-index is particularly focal, as the official January employment report will be released this Friday.
Current Treasury Yield Landscape
Data from Tradeweb shows that the 10-year U.S. Treasury yield increased by 0.3 basis points to 4.274%. Meanwhile, the 30-year Treasury yield remains steady at 4.906%. This divergence across different maturities reflects investors’ cautious sentiment as they await new economic information. Recent surveys indicate that the market is carefully weighing economic signals before adjusting their positions.