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10-year Treasury yield tops 4% after surprisingly strong jobs report - TL;DR CNBC

10-year Treasury yield tops 4% after surprisingly strong jobs report

Publishing timestamp: 2024-02-02 11:26:52


Summary

The 10-year U.S. Treasury yield reached 4% after a strong jobs report, raising questions about when the Federal Reserve will cut interest rates. The report showed continued strength in the economy, with nonfarm payrolls expanding by 353,000 and the unemployment rate at 3.7%. Wage growth data indicated inflationary pressures. The strong jobs report decreases the likelihood of an immediate interest rate cut, as suggested by Fed Chair Jerome Powell.


Sentiment: MIXED

Tickers: US2YUS10Y

Keywords: pricestreasury notesu.s. economygovernment debtlabor economyu.s. department of labortreasury billseconomyfederal reserve banku.s. 2 year treasurymonetary policyeconomic eventsu.s. treasury bondsbusiness newsinterest ratesu.s. 10 year treasurybreaking news: marketspersonnelcentral bankingbondsmarkets

Source: https://www.cnbc.com/2024/02/02/us-treasury-yields-ahead-of-key-jobs-report.html


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