Treasuries rose, pushing 10-year yields down from almost the highest levels since January, amid speculation that a report tomorrow forecast to show faster U.S. employment growth drove the market down too much.
Consumer confidence climbed last week from an almost two-month low, paced by improving perceptions of personal finances and the buying climate that signal shoppers will return to U.S. retailers as temperatures warm.
Employers in the U.S. probably hired more workers in February than a month earlier, showing companies were confident demand will bounce back from a weather-induced slowdown, economists project a report will show today.
The U.S. trade deficit in 2013 was the smallest since 2009, even as it ticked up at year’s end, as rising fuel exports and falling imports propelled the world’s biggest economy further toward energy independence.
U.S. employers probably added more than twice as many workers to payrolls in January than the prior month while the jobless rate held at a five-year low of 6.7 percent, data in the coming week may show.