Strong Jobs Report Boosts Treasury Yields and Markets

US Treasury yields rose after the Labor Department reported that payrolls increased by 339,000 last month, far exceeding economists' expectations. The Senate passed the Fiscal Responsibility Act, which raises the debt ceiling and limits government spending for two years, just days before the June 5 deadline. Investors are keeping an eye on the US economy and Federal Reserve monetary policy, as Fed speakers have given mixed messages about whether further tightening is necessary to cool the economy and bring down inflation.