The yield on the 10-year Treasury note increases as investors wait for further job statistics.

As investors expected additional labor data that was due this week, U.S. Treasury yields increased on Wednesday.The yield on the 10-year Treasury increased by almost three basis points to 4.2478% at 4:28 a.m. ET. In the meantime, the yield on the 2-year Treasury increased by over one basis point to 4.1814%.With the release of the ADP Employment Change report for November on Wednesday, investors are anticipating additional labor data this week. According to economists surveyed by Dow Jones, the report's measure of private sector employment growth in the United States is expected to increase by 163,000 positions over the previous month.This follows the release of the JOLTS job opportunities data on Tuesday, which revealed that 7.74 million job openings were posted in October, exceeding Dow Jones projections of 7.5 million and up from September. The most important economic news this week is the November jobs report, which will be released on Friday and is eagerly anticipated by investors. According to economists surveyed by Dow Jones, it is anticipated to reveal that the U.S. economy added 214,000 jobs last month, up from 12,000 positions in October.

The unemployment rate increased from 4.1% to an expected 4.2% in the previous month.The employment report is significant since it will be the last analysis of the labor market before the Fed's meeting on December 17–18, when officials will make the decision to hold or lower interest rates. Investors will be eagerly watching Federal Reserve Chairman Jerome Powell's speech in New York on Wednesday, where he will participate in a moderated discussion, for hints regarding interest rate policy. In other news, French parliamentarians are set to pass a vote of no confidence in Prime Minister Michael Barnier's shaky minority government on Wednesday.