Treasury yields rise after stronger-than-expected jobs report
TLT•U.S. Treasury yields rose after the economy created far more jobs than expected last month, reinforcing expectations of a Federal Reserve rate hike in December. The 10-year yield gained 4.3 basis points to 4.878%, and the 2-year yield rose 4.5 basis points to 4.522%.
1. Yields move higher
U.S. Treasury yields rose on Friday after data showed the economy created far more jobs than expected last month. The 10-year yield rose 4.3 basis points to 4.878%, while the 2-year yield advanced 4.5 basis points to 4.522%. The report reinforced expectations that the Federal Reserve will raise interest rates at its December policy meeting.
