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16.12.202514:00:18UTC+00US 10 Year Yield Stable After Payrolls

The yield on the US 10-year Treasury remained around 4.18%, nearing its highest mark since early September. This occurred as mixed economic data failed to alter expectations regarding the Federal Reserve's approach, with market projections still indicating at least one rate cut next year. In November, nonfarm payrolls increased by 64,000, surpassing forecasts, while a revised estimate for October showed a decrease of 105,000 jobs. Concurrently, the unemployment rate rose to 4.6% in November, higher than the anticipated 4.4%, and the highest rate since September 2021. Additionally, retail sales were unchanged in October, following a downwardly revised 0.1% increase in September, falling short of predictions for a 0.1% rise, as declines in the automotive and gasoline sectors offset gains in other areas.

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