The U.S. September non-farm payroll report, due October 2, is expected to show 90,000 new jobs, down significantly from August's 162,000. The key market focus is whether August data will be revised downward due to seasonal adjustment anomalies, with potential implications for Fed rate-hike expectations and bond market volatility.
U.S. Treasury yields remained largely flat Friday as investors awaited September's nonfarm payrolls report, with the 10-year yield at 5.235% after hitting multiyear highs. Global bond pressure eased following a week-long selloff, while elevated yields reflect persistent inflation concerns and expectations for sustained higher interest rates.
The US will release its September nonfarm payrolls report on Friday at 20:30 Beijing time. Reuters surveys expect nonfarm payrolls to increase by 90,000, down from 162,000 in August, with unemployment holding at 4.1%. The report is crucial for assessing labor market strength and guiding the Federal Reserve's October rate decision.
Stock futures rose modestly Friday ahead of September's jobs report, with S&P 500 futures up 0.26%. Treasury yields climbed to multiyear highs while oil prices surged over 4% following reports of a U.S. military buildup in the Middle East. Markets await nonfarm payrolls data expected to show 84,000 jobs added with unemployment steady at 4.1%.