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.
By Caitlin McCabeA hotter-than-expected jobs report is sending U.S. stocks and short-term bond prices lower today, as traders boost bets on a rate hike from the Federal Reserve this month.U.S.
Treasury yields initially jumped after the latest report from the Labor Department, though in midday tradi…