2-Year Note futures climbed on softer labor data.
2-Year Note futures advanced for a 3rd consecutive session, pushing above the 103 handle to reach a 3-week high. The upward momentum was largely driven by softer-than-expected ADP payroll data, which has shifted market focus toward Friday's non-farm payrolls report. Yields moved lower across the curve, with the short end experiencing more pronounced downward pressure. The 2-Year yield ticked down 1 basis point to 418 bps, while the 6-month and 1-year yields fell nearly 2 basis points amid increased buying pressure.
2-Year Note futures advanced for a 3rd consecutive session, pushing above the 103 handle to reach a 3-week high.
The upward momentum was largely driven by softer-than-expected ADP payroll data, which has shifted market focus toward Friday's non-farm payrolls report.
Yields moved lower across the curve, with the short end experiencing more pronounced downward pressure.
The 2-Year yield ticked down 1 basis point to 418 bps, while the 6-month and 1-year yields fell nearly 2 basis points amid increased buying pressure.