Bond traders intensify focus on jobs for treasuries’ next step

The yield curve just posted its first week of steepening since July, rebounding from its flattest level in a year after a highly anticipated speech by Federal Reserve (Fed) chair Jerome Powell. He stressed that the central bank could start slowing its debt purchases in 2021, though it won’t rush to begin raising rates thereafter.

New YORK: The world’s biggest bond market won’t have to wait long for its next potential volatility jolt, with a pivotal United States jobs reading ahead that will help shape bets on the path of treasury yields for the remainder of 2021.

The yield curve just posted its first week of steepening since July, rebounding from its flattest level in a year after a highly anticipated speech by Federal Reserve (Fed) chair Jerome Powell.