Short-term Treasury yields rise after stronger-than-expected jobs report
A hotter-than-expected U.S. jobs report is lifting short-term Treasury yields, weighing on U.S. stocks and pushing short-term bond prices lower as traders increase bets on a Federal Reserve rate hike this month.
A hotter-than-expected jobs report is pushing U.S. stocks and short-term bond prices lower on the day, as traders increase bets on a Federal Reserve rate hike this month. U.S. Treasury yields initially jumped after the latest Labor Department report, though in midday trading they later eased from those highs.