Treasuries Edge Up as Investors Brace for US Payrolls Report

Treasuries inched up before the US reports jobs data, with investors seeking to gauge the scope for interest-rate cuts next year.

The two-year yield slipped to near its lowest in more than a week as investors bet a softening jobs market may convince the Federal Reserve to deliver more rate cuts in coming months. Non-farm payrolls are expected to show an increase of 50,000 jobs in November, and a weaker reading may bolster the case for more easing.