On Friday, the 10-year Treasury yield rose on the back of a better-than- expected jobs report.
The yield on the 10-year Treasury was at 2.83% and the yield on the 30-year Treasury bond was at 3.068% at 3:10 pm. The 2 year was up 20 basis points. Prices affect yields.
Nonfarm payrolls increased 528,000 last month and beat expectations. Wage growth increased with average earnings increasing 5.2% over last year. The report shows that the US is not in a recession.
The recent trend saw the 10-year yield decline on fears that the Fed's hiking campaign would cause the economy to fall into a recession. The 10-year yield fell to 2.50% earlier this week.
| TICKER | COMPANY | YIELD | CHANGE | %CHANGE |
|---|---|---|---|---|
| U.S. 3 Month Treasury | 2.542 | 0.099 | 0 | |
| U.S. 1 Year Treasury | 3.269 | 0.153 | 0 | |
| U.S. 2 Year Treasury | 3.23 | 0.193 | 0 | |
| U.S. 5 Year Treasury | 2.957 | 0.182 | 0 | |
| U.S. 10 Year Treasury | 2.827 | 0.151 | 0 | |
| U.S. 30 Year Treasury | 3.066 | 0.105 | 0 |
The US economy has been showing a negative GDP reading for the last two months.
Money managers anticipate upcoming data releases related to the labor market.
The president of the Cleveland Fed said on Thursday that the Federal Reserve will keep raising interest rates into the next decade.
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