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Treasury yields inch lower amid mixed updates on the omicron variant

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U.S. Treasury yields fell on Wednesday morning, following mixed updates on the new omicron variant.

The yield on the benchmark 10-year Treasury note fell by 1 basis point to 1.4614% at 3:45 a.m. ET. The yield on the 30-year Treasury bond fell by just under a basis point to 1.7857%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

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The Bureau of Labor Statistics is due to release October’s Job Openings and Labor Turnover Survey at 10 a.m. ET on Wednesday. Economists polled by Dow Jones expect that there were 10.6 million open positions in October, up from 10.4 million in September.

An auction is scheduled to be held on Wednesday for $36 billion of 10-year notes.

CNBC’s Spencer Kimball and Maggie Fitzgerald contributed to this market report.

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