"Treasury Yields Fluctuate Amid Mixed Economic Signals and Jobs Data"
TL;DR Summary
U.S. Treasury yields saw a significant increase, with the 10- and 30-year rates experiencing their largest weekly rise since October after a strong U.S. jobs report indicated the addition of 216,000 new jobs in December, surpassing expectations. This robust employment data, coupled with a slight dip in service sector growth according to the ISM survey, has influenced market expectations, with traders now pricing in a slower timeline for Federal Reserve rate cuts. Despite this, the possibility of rate reductions remains on the horizon, with the first cut anticipated by some analysts as early as May.
Topics:business##economicdata#federalreserve#finance-and-economy#interestrates#treasuryyields#usjobsreport
- 10-year Treasury yield trades around 4% after weaker-than-expected ISM data and hot U.S. jobs report MarketWatch
- 10-year swings back above 4% after December jobs report CNBC
- Treasuries Plunge as Job Creation Pace Dims Wagers on Fed Cuts Bloomberg
- Whiplashed Bond Traders Are Still Missing the Point Bloomberg
- Treasury Yields Give Back Gains Barron's
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