10-year swings back above 4% after December jobs report
Publishing timestamp: 2024-01-05 12:12:22
Summary
Treasury yields had mixed movements on Friday as traders analyzed the U.S. economic outlook after the release of nonfarm payrolls data. The 10-year Treasury yield crossed back above the key 4% level, while the 2-year Treasury yield was down. The nonfarm payrolls data showed an increase in jobs in December, surpassing expectations. The unemployment rate remained steady. The strong jobs figures have added to skepticism that the Fed will ease policy in March.
Sentiment: MIXED
Keywords: personnel, monetary policy, prices, treasury notes, u.s. economy, business news, treasury bills, u.s. 10 year treasury, bonds, economy, breaking news: markets, u.s. treasury bonds, interest rates, u.s. 2 year treasury, labor economy, government debt, economic events, economic outlook,
Source: https://www.cnbc.com/2024/01/05/10-year-treasury-yield-tops-4percent-ahead-of-nonfarm-payrolls.html