10-year Treasury yield rises to 4.16% after more resilient jobs data
Publishing timestamp: 2024-02-08 11:25:57
Summary
The article discusses the rise in U.S. Treasury yields due to robust jobs data and remarks from Federal Reserve officials. The yields on 10-year and 2-year Treasury bonds increased, indicating a decrease in bond prices. The jobs data showed a lower number of initial filings for unemployment insurance, suggesting that employers are retaining workers. Fed officials' comments indicated that there may be fewer rate cuts in 2024 than previously expected. The article mentions upcoming data releases and speeches from Fed speakers.
Sentiment: NEUTRAL
Keywords: jerome powell, u.s. economy, economy, business news, interest rates, u.s. 2 year treasury, bonds, treasury bills, economic events, economic outlook, u.s. treasury bonds, neel kashkari, prices, u.s. 10 year treasury, treasury notes, government debt,
Source: https://www.cnbc.com/2024/02/08/us-treasury-yields-investors-weigh-comments-from-fed-officials.html