Treasuries Pare Gains as Stocks Steady Ahead of Key US Data

Treasuries pared gains as the global stocks selloff showed signs of easing, with investors turning their attention to a wave of important reports on the health of the American economy.

The rate on US 10-year bonds rose two basis points to 4.23% after falling as much as six basis points earlier. Markets are looking ahead to data on US job openings and layoffs, as well as inflation, to see if the slowing economy necessitates further interest-rate cuts by the Federal Reserve.