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
Keywords: prices, treasury notes, u.s. economy, government debt, labor economy, u.s. department of labor, treasury bills, economy, federal reserve bank, u.s. 2 year treasury, monetary policy, economic events, u.s. treasury bonds, business news, interest rates, u.s. 10 year treasury, breaking news: markets, personnel, central banking, bonds, markets,
Source: https://www.cnbc.com/2024/02/02/us-treasury-yields-ahead-of-key-jobs-report.html