U.S. yields rise after jobs report boosts Fed tightening bets
U.S. Treasury yields rose after a stronger-than-expected employment report prompted investors to increase bets on tighter Federal Reserve policy. Nonfarm payrolls gained 162,000 jobs last month versus expectations.
By Burton FriersonU.S.
Treasury yields rose on Friday after a surprisingly strong U.S. employment report led investors to increase bets on tighter policy from the Federal Reserve.Nonfarm payrolls surged by 162,000 jobs last month, the Bureau of Labor Statistics said, far outpacing expectations of e…