"Strong Jobs Report Boosts U.S. 10-Year Yield to Near 16-Year High"

U.S. Treasury yields, particularly the 10-year yield, rose close to a 16-year high after the September jobs report exceeded economists' expectations. Nonfarm payrolls increased by 336,000, surpassing the estimated 170,000 jobs added. The unemployment rate was slightly higher than expected at 3.8%. Wages grew slightly less than forecasted. The report has implications for Federal Reserve rates, with policymakers likely to continue raising rates despite moderating wage growth.