"10-Year Treasury Yield Surges, Rate Cut Expectations Wane Amid Strong Jobs Data"
TL;DR Summary
U.S. Treasury yields surged following a report of stronger-than-expected job creation in December, reducing market expectations for Federal Reserve interest rate cuts. The two-year Treasury yield spiked nearly 10 basis points to approximately 4.48%, while the 10-year note increased by about 7 basis points to 4.07%. This rise in yields reflects a selloff in the bond market as investors adjust to the likelihood of a more hawkish Fed stance in response to robust employment data.
- Treasuries Plunge as Job Creation Pace Dims Wagers on Fed Cuts Bloomberg
- 10-year Treasury yield jumps above 4.08% after hot December jobs report CNBC
- Stock and bond markets sell off as rate cut hopes dim Financial Times
- Traders pare bets on March start to Fed rate cuts after strong jobs data Yahoo Finance
- 10-year Treasury yield tops 4% ahead of nonfarm payrolls NBC 6 South Florida
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