$22 billion long-term bond auction arrives with employment data, U.S. Treasury prices dip slightly

Before the issuance of 30-year Treasury bonds and the announcement of employment data in the United States, U.S. Treasury prices fell slightly, leading to the smallest increase in five weeks. The yield on 10-year Treasury bonds rose by 1 basis point to 4.34%. JPMorgan Chase strategists expect the upcoming $22 billion bond auction to proceed smoothly, with current valuations providing significant support. Investors are focused on fiscal policy and the soon-to-be-released employment data, with initial jobless claims expected to rise slightly to 235,000. Swap trading indicates that the Federal Reserve may keep interest rates unchanged and cut rates twice before the end of the year