US Treasury yields rise 0.6% after stronger-than-expected March payrolls data
The latest nonfarm payroll report shows 178,000 jobs added, reinforcing a higher-for-longer rate narrative.
Key Points
- U.S. March payrolls rise 178000 and keep Treasury yields elevated as Fed cut bets fade.
- US 10-year Treasury yield was at 4.33, up 0.6% on the session.
The U.S. US 10-year Treasury yield was at 4.33, up 0.6% on the session.