U.S. Treasury yields remain stable as the market cautiously awaits the backlog of data.

Odaily News During the mid-morning trading session in Europe, U.S. Treasury yields stabilized amid reports that the U.S. government is set to reopen, although cautious sentiment is spreading. Eric Chia from Exness stated in a report: “The market remains cautious, with attention turning to the upcoming backlog of economic data, which may depict a picture of weakness in the labor market and overall demand.” The financial market strategist noted that this unease stems from a weak ADP report this week, which showed that the U.S. private sector averaged 11,250 layoffs per week over the four weeks ending in late October. (Jin10)