CNBC World6/29/2026Business1 min read

U.S. Treasury Yields Stable as Investors Await Jobs Data and Monitor U.S.-Iran Pause

us treasury yields jobs data us iran relations

Quick Look

Treasury yields saw minimal change as investors anticipate key jobs data later this week.
Meanwhile, a fragile pause in hostilities between the U.S. and Iran over the Strait of Hormuz was monitored, leading to a rise in oil prices.

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Why It Matters

U.S. Treasury yields were little changed as investors awaited upcoming labor market data and monitored a fragile pause in hostilities between the U.S. and Iran.

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U.S. Treasury yields were little changed on Monday as investors looked ahead to key jobs data coming later in the week and monitored a fragile pause in hostilities between the U.S. and Iran.

The benchmark 10-year Treasury yield has risen less than a basis point to 4.378%, while the 2-year Treasury yield had risen almost 2 basis points to 4.107%. Meanwhile, the 30-year bond yield was little changed at 4.866% as of the market close.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

Investors are anticipating upcoming labor market data during the holiday-shortened week. The bond market will be closed on Friday, July 3, ahead of Independence Day celebrations.

May's JOLTS job openings data, which tracks how many jobs are available in the U.S., is set to be published on Tuesday morning. The June nonfarm payrolls report, which shows the number of jobs the U.S. economy added in the last month, is also due on Thursday. Investors will parse these reports closely to gauge the health of the U.S. economy.

Elsewhere, the U.S. and Iran agreed to pause hostilities and allow commercial vessels to freely pass through the Strait of Hormuz, following military clashes over the weekend that threatened to derail negotiations aimed at ending the conflict.

"Technical talks are slated to continue on all areas of the MOU," a U.S. official told CNBC on Sunday. "Both sides will stand down for now, and vessels can move freely."

Oil prices were up, with West Texas Intermediate futures rising 2.2% to settle at $70.75 a barrel, while International Brent gained 1.61% to close at $73.15 a barrel.