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
Keywords: prices, personnel, u.s. economy, central banking, markets, world economy, medium term notes, labor economy, business news, u.s. 2 year treasury, breaking news: markets, government debt, economic events, neel kashkari, jerome powell, bonds, u.s. 10 year treasury, patrick harker,
Source: https://www.cnbc.com/2024/04/05/us-treasury-yields-tick-higher-ahead-of-key-jobs-report.html