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Giving Home > Giving News > Finance News > Treasury Yields Varied

Treasury Yields Varied

Published May 8, 2026

Treasury yields fluctuated throughout the week as investors reacted to new economic data for the service industry and waited for April’s jobs report. Yields edged down at the end of the week despite the latest employment data showing signs of a stable labor market.

On Tuesday, the Institute for Supply Management (ISM) released its Purchasing Managers’ Index (PMI) for April, indicating growth in the service industry. The PMI measures the change in economic activity in the services sector and is used as an indicator of U.S. economic activity. The PMI for April was 53.6, down from 54.0 in March and below analysts’ forecast of 53.9.

“Though the PMI® was slightly below estimates, it was the 22nd straight month in expansion territory and remains above the 12-month average,” said chair of the ISM survey, Steve Miller. “Many panelists stated that they have yet to see the impacts of petroleum price increases, so we expect to see continued elevated readings for the Prices Index for several months, regardless of when the conflict in Iran ends, due to these costs working their way through global supply chains.”

The benchmark 10-year Treasury note yield opened the week of May 4 at 4.38% and traded as high as 4.43% on Wednesday. The 30-year Treasury bond opened the week at 4.96% and traded as high as 5.03% on Tuesday.

On Thursday, the U.S. Department of Labor reported that initial claims for unemployment increased by 10,000 to 200,000 for the week ending May 2, lower than economists’ expectations of 205,000 claims. Continuing claims decreased by 10,000 to 1.77 million. On Friday, the Bureau of Labor Statistics released its monthly jobs report for April which indicated the unemployment rate was unchanged at 4.3% in April. The report also noted an increase of 115,000 jobs in April, above economists’ forecasts of 65,000.

"Fed officials cut interest rates last year because of worries over joblessness and a higher unemployment rate, but right now, there is no reason to consider interest rate cuts whatsoever because the labor market is steady as a rock," said chief economist at FWDBONDS, Christopher Rupkey.

The 10-year Treasury note yield finished the week of 5/4 at 4.36% while the 30-year Treasury note yield finished the week at 4.94%.