U.S. Treasury yields rise after August jobs gain
A hotter-than-expected August Labor Department jobs report led traders to boost bets on a Federal Reserve rate increase this month, pushing U.S. Treasury yields higher and weighing on stocks and bond prices.
By Caitlin McCabeA hotter-than-expected jobs report is sending U.S. stocks and bond prices lower Friday morning, as traders boost bets on a rate increase from the Federal Reserve this month.U.S.
Treasury yields jumped after the latest report from the Labor Department, which showed that the U.S. eco…