The US Treasury bond yields fluctuate before the release of employment data.

The yield on US Treasury bonds fluctuates, with the focus of the market shifting from the nomination of Kevin Warsh as the new Federal Reserve chairman to the employment data to be released later this week. While negotiations are ongoing among lawmakers regarding a funding agreement, the US government has partially shut down; however, TD Cowen still anticipates that the January employment report will be released on Friday. Chris Krueger of TD Cowen stated, "We would be surprised if the Bureau of Labor Statistics does not release this employment report. Due to funding expiring on January 31st, the Bureau of Labor Statistics already has all the data for January before the temporary shutdown. Therefore, as long as the government reopens at some point early this week, there is no reason not to receive non-farm employment data on Friday." Economists expect the employment figure to increase from 50,000 in December to 55,000 in January. Prices in the futures market reflect the expectation that the Federal Reserve will once again hold steady in March. The yield on 10-year Treasury bonds is at 4.241%, largely unchanged from Friday, while the yield on 2-year Treasury bonds has slightly increased to 3.535%.