U.S. Treasuries come under pressure on the first trading day of the new year, with employment market data taking the spotlight

January 2, 2026, the US Treasury bond market experienced adjustments on the first trading day of the new year. Along with increased market confidence in the US economic outlook, bond yields rose, with long-term bond yields reaching a new high since early September.

Significant Increase in Bond Yields

Specific data shows that the 30-year US Treasury bond rentowność obligacji rose to 4.88%, an increase of about 4 basis points in a single day; the 10-year Treasury yield increased to 4.19%, with a rise of approximately 2 basis points. This upward trend indicates that the market’s outlook on US economic growth is becoming more optimistic, investor demand for safe assets has weakened, and funds are flowing into risk assets.

Unexpectedly Positive Employment Data

The main catalyst driving the bond market adjustment is US labor market data. The latest weekly unemployment claims data show that new claims have fallen to their lowest level of the year, signaling strong resilience in the employment market. This data further reinforces market expectations of a solid economic fundamental.

Professional Institutional Views

Eugene Leow, a fixed income strategist at DBS Bank, pointed out that the gradual rise in long-term bond rentowność obligacji may reflect increasing optimism about the US economy. This shift in sentiment is also evident in stock market performance, indicating that investors’ overall risk appetite is rising.