FX.co ★ US 10-Year Yield Steady as Key Data Eyed

The yield on the 10-year US Treasury note remained stable at approximately 4.19% on Monday, maintaining its position near four-month highs. Investors are concentrating on significant US economic data due this week that could impact Federal Reserve policy decisions. Key reports to be monitored include December's jobs report, set for release on Friday, in addition to the JOLTS and ADP employment figures, ISM PMIs, and the Michigan consumer confidence index. Despite the Federal Reserve forecasting only one rate cut this year, traders are anticipating two. Philadelphia Fed President Anna Paulson indicated that further rate cuts might be suitable later this year, contingent on economic performance. Moreover, all eyes are on President Trump's imminent announcement regarding his choice for the next Federal Reserve chair, who is expected to align with his agenda for reducing borrowing costs.