Treasury Yields, Dollar Cool Slightly After Jobs Rush
Dow Jones
Sep 05
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 economists argue that soft wage increases means monetary tightening isn't a done deal. Moreover, inflation numbers due next week could still change rate expectations. The WSJ Dollar Index is just above flat, after rallying on the job numbers. The 10-year yield is at 4.768% and the two-year at 4.372%, both off post-payrolls highs.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.