U.S. Treasury yields cool slightly as jobs data lifts rate-hike odds
Treasury yields lose momentum but stay elevated after stronger-than-expected U.S. employment. August job creation rose 162,000 versus forecast, lifting CME odds of a hike to 60% from 49% yesterday.
1408 ET - Treasury yields lose momentum but remain elevated, buoyed by better-than-expected U.S. employment numbers.
August's 162,000 print on job creation is three times as high as forecast, bumping odds of a hike to 60% from 49% yesterday, according to CME.
Looking under the hood, however, some e…