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10-year Treasury yield jumps after stronger-than-expected jobs report - TL;DR CNBC

10-year Treasury yield jumps after stronger-than-expected jobs report

Publishing timestamp: 2024-04-05 11:31:06


Summary

Treasury yields rose after strong nonfarm payrolls data for March, with 10-year yield jumping to 4.378%. Federal Reserve still expects rate cuts this year, but Minneapolis Fed President questions if they are necessary if inflation remains above target. Fed fund futures show traders don't expect rate adjustments at upcoming meetings.


Sentiment: NEUTRAL

Tickers: US2YUS10Y

Keywords: pricespersonnelu.s. economycentral bankingmarketsworld economymedium term noteslabor economybusiness newsu.s. 2 year treasurybreaking news: marketsgovernment debteconomic eventsneel kashkarijerome powellbondsu.s. 10 year treasurypatrick harker

Source: https://www.cnbc.com/2024/04/05/us-treasury-yields-tick-higher-ahead-of-key-jobs-report.html


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