Business
Yields Finish Higher After Jobs Data Beats Expectations
The 2-year yield, which often rises and falls with traders’ expectations for short-term rates set by the central bank, ended the day at 4.379%, up from around 4.34% before the data was released at 8:30 a.m. ET. The yield rose above 4.41% at its intraday peak.
The yield on the 10-year note rose to 4.783%, up from around 4.75% before the report.
The yield on the 30-year bond rose the least, edging up to 5.246%.
Investors now see a nearly 60% chance that the Fed will hike this month, up from 52% before the report’s release.
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