Treasury yields climb as investors weigh recent labor market data

US Treasury yields climbed today, Feb. 27, as investors evaluated economic data reflecting labor market weakness in the world’s largest economy.

The two-year Treasury yield, highly sensitive to monetary policy shifts, rose 2.8 basis points (bps) to 4.1% as of 5:11 pm Makkah time.

Likewise, the 10-year Treasury yield increased 3.6 bps to 4.285%, while the 30-year yield advanced 3.8 bps to 4.547%.

Fresh data showed initial jobless claims jumped by 22,000 to 242,000 last week, the highest level in three months.

Elsewhere, official figures revealed US real gross domestic product (GDP) grew at an annualized rate of 2.3% in Q4 2024, down from 3.1% in the prior quarter.

These readings highlighted a cooling labor market and a slowing economic growth, potentially prompting Federal Reserve officials to consider lowering borrowing costs.