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TREASURIES -US two-year yield falls after JOLTS report

BY Reuters | TREASURY | 02/04/25 10:22 AM EST

NEW YORK, Feb 4 (Reuters) - U.S. Treasury yields on the short end of the curve slid on Tuesday after data showed job openings in the world's largest economy fell in December from the previous month, suggesting that the labor market was losing some of its sizzle.

The Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) showed that U.S. job openings in December dropped to 7.6 million from 8.2 million in November.

U.S. two-year yields, which are tied to the Federal Reserve's policy moves, fell 3 basis points (bps) to 4.234% after the jobs numbers, while the benchmark 10-year pared gains to trade little changed at 4.547%. (Reporting by Gertrude Chavez-Dreyfuss)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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