10-year Treasury yield shoots higher after May payrolls top expectations
Publishing timestamp: 2024-06-07 12:57:10
Summary
Treasury yields surged after strong nonfarm payrolls data for May raised concerns that the Federal Reserve may not cut rates as soon as expected. Despite the strong job growth, the unemployment rate ticked up and there are questions about potential rate cuts later in the year.
Sentiment: MIXED
Keywords: economy, economic outlook, u.s. 2 year treasury, u.s. 10 year treasury, treasury notes, labor economy, treasury bills, economic events, government debt, bonds, business news, personnel, u.s. economy, prices,
Source: https://www.cnbc.com/2024/06/07/us-treasurys-ahead-of-may-jobs-report.html