"Surging 10-Year Treasury Yields Test US Stocks Amid Strong Jobs Report"
TL;DR
The 10-year Treasury yield rose after the nonfarm payrolls data for March exceeded expectations, with an increase of 303,000 jobs. The 2-year Treasury yield also climbed, reflecting market expectations of when the Federal Reserve will begin cutting interest rates. Minneapolis Fed President Neel Kashkari expressed doubts about the need for rate cuts if inflation remains above the Fed's 2% target, and interest rate futures indicate that traders don't expect any rate adjustments at the next few Fed meetings.
Topics:businessfinance#federal-reserve#finance#inflation#interest-rates#nonfarm-payrolls#treasury-yields
- 10-year Treasury yield jumps after stronger-than-expected jobs report CNBC
- Mysterious Afternoon Gains Bring Yields Back Into The Range Just Before Jobs Report Mortgage News Daily
- US 10-Year Yield Is Set to Revisit 4.5%, ING Financial Says Yahoo Finance
- Rising Treasury yields pose a test for richly valued US stocks Reuters
- Inflation concerns reverberate again, putting a 5% 10-year Treasury yield on map MarketWatch
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