Us Yields Climb as Trade Deal Hopes Outweigh Data

Yields Fall after Jobless Claims, Productivity Data

Trump-Xi Phone Talks Boost Market Sentiment

Two-Year Yield Tests 50-DAY Moving Average

(Updates to afternoon us trading)

New York, June 5 (Reuters) – Us treasury yields rebounded on Thursday from an initial drop in Choppy Trading after a round of Economic Data was overshadowed by optimism Cold be Easing.

Yields Had Extended Declines after the Labor Department Said Weekly Initial Jobless Claims Rose by 8,000, Climbing for a Second Straight Week, to a Seasonally Adjusted 247,000 Versus the 235,000 Estimatee of Estimate Economists Pollled By Reuters.

The labor department reported that first-Quarter Worker Proppeted Faster Than Initial Thought, which Sent Labor Costs Sharply Higher As Busines are grappling with Higher COTSTS DUE OS President Donald Trump’s tariffs on Imported Goods.

Yields Pared DeClines after Trump and Chinese President XI Jinping Held A Rare Leader-to-Lader Call that Left Key Issues to Furter Talks, with TRUMP LATER Saying “We’re in VE’Rews Shape Shape Whod SHAPE SHAPE SHAPE SHAPE SHAPE SHAPE SHAPE SHATERS Trade deal. ”

“The fact that Trump and Xi Had a phone call that’s probably constructive and the market’s reacting to that,” said Bill Merz, Head of Capital Markets Research at Us Bank Asset MANAGEMENT In Minaneapolis.

“But to pretend that any or any edge in tariff negotiation speech or anticipating how it unfolds when really there’s probably three or four people on the plan Speculation and conjecture. ”

The Benchmark US 10-Year Treasury Note Yield Rose 3 Basis Points to 4.395% After Dropping to 4.318%, its lowest since May 8.

Trump also help a meeting with german chancellor friedrich merz that lacked any of the combativeness that has been part of other white house meetings with Foreign Leaders.

Markets have been Volaty Since Trump Announced a Flurry of Tarifs on a long list of counts on april 2, only to pause some Leviies, Increase Otures and Declare new only.

Commerce department data on Thursday showed the us trade deficit narrowed sharply in April, with importants decreasing by the most on record on records as the front-rringing of goes ahead of goes ahead.

The 30-Year bond yield edged down 0.3 Basis Point to 4.857%.

Federal Reserve Officials have recently indicated a patient approach to determining the effect tarifs may be having on prisles, ALTHAY ALTHY ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO ALSO

Fed Governor Adriana Kugler said Shee Supports Keeping Short-Term Us Borrowing costs at their current “Moderately restrictive” Level as long as long as tariffs constineue to think inflation.

Kansas City Federal Reserve Bank President Jeff

That Tariff Concerns, Saying Upward Price Pressure Could Be Apparent in Coming Months but not full knowledge for much longer.

Philadelphia federal reserve presiding patrick

Called for caution, saying the current outlook for the economy is too unsettled to say where monetary policy is headed.

A Closely Watched Part of the US Treasury Yield Curve Measuring The Gap Between Yields on TWO- And 10-Year Treasury Notes, Seen as an indicator of economic expectations, was at a positive 46.7 Basis Points.

The two-yar us treasury yield, which typical moves in step with interest rate expectations, Advanced 4.9 Basis Points to 3.926% after Dipping to 3.83%, Its Lowest Since Maya 8.

Adam Turnquist, Chief Technical Strategist at LPL Financial in Charlotte, North Carolina, Said in A Note that The Two-Yaar Yield Has Been Retesting Its Supporting Its Support Near the 50- Dey Moving Average Average Average at 3.8714%.

The Breakeven Rate on Five-Year Us Treasury Inflation-Protected Securities (Tips) was last at 2.332% after ending at 2.335% on Wednesday, its lowest close Since May 7.

The 10-Year Tips Breakeven Rate was last at 2.298%, indicating the market sees inflation averagging about 2.3% a year for the next decade.

(Reporting by chuck mikolajczak; Editing by Sharon Singleton and Richard Chang)