2-Year Treasury futures slide as nonfarm payrolls beat expectations
2-Year T-Note futures turned volatile after the nonfarm payrolls report showed stronger-than-expected labor market data, trading down to 102'18. The 2-Year Treasury yield rose four basis points to 4.38%, reaching 4.40% intraday.
2-Year T-Note futures experienced a volatile session, trading lower to 102'18 after the nonfarm payrolls report showed stronger-than-expected labor market data.
The resilient employment report shifted market expectations ahead of the upcoming Federal Reserve meeting, driving the 2-Year Treasury yield up four basis points to 4.38% and reaching an intraday high of 4.40%.
These levels mark the highest yields for the 2-Year Treasury Note since January 2025.
The yield curve showed signs of flattening as longer-dated Treasury maturities pared early losses to sit near unchanged on the day, while short-end yields continued to push higher.