U.S. Treasury yields rise in Asian trade across maturities as economic data remain solid. Thursday's focus will be on the June employment data, to be published a day earlier due to the holiday on Friday. "An outcome around expectations--and note that the outcome has surprised on the upside over the past three months--means that the Federal Reserve can continue to set the inflation target ahead of the employment target," SEB's Karl Steiner says in a note. Inflation, meanwhile, is expected to be on the way down as long as the Iran conflict continues to subside and doesn't have large second-round effects, the head of analysis says. The 10-year Treasury yield rises 1.8 basis points to 4.492%, according to Tradeweb. (emese.bartha@wsj.com)
Dow Jones Newswires
U.S. Treasury Yields Rise Ahead of Employment Data — Market Talk
U.S. Treasury yields rise in Asian trade across maturities as economic data remain solid. Thursday's focus will be on the June employment data, to be published a day earlier due to the holiday on Friday. "An outcome around expectations--and note that the outcome has surprised on the upside over the…