in ,

Treasury Yields Touch Recent Highs AfterJobs Report

treasury-yields-touch-recent-highs-afterjobs-report

Yields on U.S. government bonds swung sharply Friday after new data showed a big jump in employment in February, creating more optimism about the economic outlook and debate about the path of interest rates.

The yield on the benchmark 10-year U.S. Treasury note settled at 1.551%, according to Tradeweb. That was down from 1.626% right after the report but still up slightly from 1.547% Thursday.

Yields, which rise when bond prices fall, have been surging for weeks based largely on investors’ hopes for the near future, when vaccines may have tamed the coronavirus pandemic even as the government continues to pump money into the economy with various stimulus programs.

Some solid economic data, though, has also helped—the latest coming Friday, when the Labor Department said that the economy added 379,000 jobs in February, much more than economists had anticipated.

Friday’s move also comes a day after Fed Chairman Jerome Powell made his own contribution to the selling in the bond market.

What do you think?

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0
new-monetary-policy-is-coming-on-ethereum:-eip-1559

New monetary policy is coming on Ethereum: EIP-1559

ark-funds-fall-into-bear-market

ARK Funds Fall Into Bear Market