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"Traders React to Job Creation Data with Treasury Yields Surging Above 4%"

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Source: Bloomberg
"Traders React to Job Creation Data with Treasury Yields Surging Above 4%"
Photo: Bloomberg
TL;DR

Bond traders remain confident in a 2024 bond rally despite a recent pullback, seizing on elevated yields before anticipated interest rate cuts by the Federal Reserve. The market faces a test with upcoming inflation data and a 10-year Treasury auction, but buyers stepped in as 10-year Treasury yields approached 4.1%, the highest since mid-December, following strong job growth data.

Topics:businessfinance#bond-traders#federal-reserve#finance#interest-rates#job-growth#treasury-yields
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  1. Bond Traders Seize on 4% Yields, Confident Fed Rate Cuts Coming  Bloomberg
  2. 10-year swings back above 4% after December jobs report  CNBC
  3. Treasury Yields Give Back Gains  Barron's
  4. Treasuries Plunge as Job Creation Pace Dims Wagers on Fed Cuts  Bloomberg
  5. December jobs report: S&P 500 futures point to fifth straight loss ahead of payrolls data  MarketWatch

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