Treasury Yields Rise on Strong Jobs Data and Fed Rate Hints

The 10-year U.S. Treasury yield rose over 5 basis points to 4.346% following a stronger-than-expected June jobs report, which showed 147,000 new jobs and a drop in unemployment to 4.1%, suggesting a resilient labor market that may keep interest rates steady in July. Investors are also monitoring political developments, including a major spending bill and trade negotiations with Vietnam.