US bond yields have been rising since the start of trading on Wall Street, driven by anticipation of trade negotiation outcomes between the United States and its trading partners, as investors await remaining employment indicators due by Friday.

The yield on 10-year Treasury bonds reached 4.292%, matching the previous day’s close. Yields dipped to a daily low of 4.236% on Wednesday but hit a high of 4.312%. Despite negative US labor market data, yields continued their upward trend. Wall Street’s rise persists, fueled by investor focus on upcoming employment indicators.

The ADP Non-Farm Employment Change index fell for the first time in two years, recording a loss of 33,000 jobs in June, down from a prior gain of 29,000, missing market expectations of a 95,000-job increase. Investors are also monitoring trade talks, with fears of failure to reach agreements.

Despite President Donald Trump stating he does not expect a near-term trade deal with Japan, markets remain vigilant, with yields reflecting concerns over trade disruptions and their economic impact.