2-Year Note futures climbed on softer labor data. 8/5/26

2-Year Note futures advanced for a 3rd consecutive session, pushing above the 103 handle to reach a 3-week high. The upward momentum was largely driven by softer-than-expected ADP payroll data, which has shifted market focus toward Friday's non-farm payrolls report. Yields moved lower across the curve, with the short end experiencing more pronounced downward pressure. The 2-Year yield ticked down 1 basis point to 418 bps, while the 6-month and 1-year yields fell nearly 2 basis points amid increased buying pressure. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/interest-rates.html #InterestRates #Treasuries #FuturesTrading