Treasury Yields React to November Jobs Data
TL;DR
Commonwealth Financial Network CIO Brad McMillan highlights the 10-year Treasury yield as a key metric to watch in light of the November jobs report. Despite assumptions of imminent interest rate cuts and expected economic slowdowns, the stronger-than-expected hiring data suggests economic acceleration. McMillan believes this will put upward pressure on Treasury yields after pricing in future economic data prints.
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- Treasury Yields Gained. These 2 Auctions Will Decide Their Next Move. Barron's
- November Jobs Report: Bad for Bonds, Good for Stocks? RealMoney
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