kassa! schreef op 6 februari 2023 13:43:
Bond yields continued to rise on Monday as traders assessed the likelihood that the Federal Reserve will pivot later in the year after an unexpectedly strong jobs report.
What’s happening
The yield on the 2-year Treasury TMUBMUSD02Y, 4.382% rose 11 basis points to 4.41%. Yields move in the opposite direction to prices.
The yield on the 10-year Treasury TMUBMUSD10Y, 3.600% gained 9 basis points to 3.61%.
The yield on the 30-year Treasury TMUBMUSD30Y, 3.654% rose 4 basis points to 3.66%.
What’s driving markets
Markets were caught by surprise by Friday’s data showing a 517,000 surge in nonfarm payrolls, as well as a decline in the unemployment rate to 3.4%, a new cycle low. There also was data from the services sector, as a poll of purchasing managers jumped in January.