US Debt Yields Climb Back After Weak Jobs Report, Fed Hike Fears Linger
Treasuries briefly rallied following a weak U.S. jobs report, but yields reversed course as investors grew concerned that the Federal Reserve might continue hiking interest rates due to persistent inflation.
S. jobs report briefly lifted Treasurys, but yields later climbed back as investors worried inflation could stay hot if the Fed hikes less. Bad news finally worked in Treasurys' favor, but only for a short time. S.
jobs report prompted an initial bond rally, though the move faded as investors focused on the risk that inflation could remain elevated if the Fed hikes less.