US Treasury yields remained stable as markets cautiously awaited the release of backlogged data.

U.S. Treasury yields stabilized during mid-morning European trading, following news of an impending U.S. government reopening, despite a growing sense of caution. "Markets remain cautious, with attention focused on the upcoming backlog of economic data that could paint a picture of a weak labor market and overall demand," said Eric Chia of Exness in a report. The financial market strategist noted that this unease stemmed from this week's weak ADP report, which showed that the U.S. private sector averaged 11,250 job cuts per week in the four weeks ending in late October. (Jinshi)