"Strong Jobs Report Sends 10-Year Treasury Yield Soaring, Threatening Stocks"

U.S. Treasury yields surged after a robust jobs report, with the 10-year yield up 9 basis points at 3.955%. Nonfarm payrolls expanded by 353,000 in January, surpassing expectations, and the unemployment rate remained at 3.7%. The strong report suggests a resilient job market, potentially influencing the Federal Reserve's stance on interest-rate cuts, which Chairman Jerome Powell indicated may not happen as soon as some had hoped.