Yields and dollar rise as stocks fall after strong U.S. jobs report
Treasury yields and the dollar rose while stocks fell after stronger-than-expected U.S. job growth increased bets on a September Federal Reserve interest rate hike.
Treasury yields and the dollar rose, while stocks fell on Friday after stronger-than-expected U.S. job growth data increased bets on a September interest rate hike by the Federal Reserve. All three major U.S. stock indexes finished lower in a broad selloff ahead of a three-day weekend.