U.S. Treasury yields are experiencing upward pressure as investors brace for a week filled with significant economic data releases. On January 6, 2025, the 10-year Treasury yield increased by 3 basis points to 4.628%, driven by anticipation of key jobs data that could influence Federal Reserve policy. The market is particularly focused on the upcoming JOLTS Job Opening data and the ADP Employment Change report, which are expected to provide insights into the labor market's health. Additionally, Federal Reserve Governor Lisa Cook's speech is being closely monitored for any indications of future economic policy directions. These developments are contributing to a heightened term premium, reflecting investor demand for higher compensation to hold long-term bonds amid expectations of increased government spending and fiscal expansion under the new administration.
The Direxion Daily 20-Yr Treasury Bull 3x ETF (TMF) is trading at $39.45, reflecting a 0.96% decrease from its previous close.