US 2-Year Treasury Yields Climb to 4.40% Following Wage Growth Data

Key Facts

US 2-year Treasury yields rose to 4.40% following the latest labor market data. CME Group reported that average hourly earnings growth drove yields higher, resulting in a flattening of the yield curve and a decline in 2-year T-Note futures.

The market reaction followed data released on November 6, 2026, showing average hourly earnings grew by 0.4% month-over-month, exceeding the 0.3% forecast. Regarding related instruments, CME closed at $305.89 on November 6, 2026, having traded between a day high of $308.76 and a low of $301.4.

Market focus now shifts to the Consumer Price Index (CPI) report scheduled for November 10, 2026, for further inflation insights. The economic calendar also features several Federal Reserve speeches, including an address by Fed Governor Waller on November 10, 2026.