Markets React Positively to Stronger-than-Expected Jobs Data
US Treasury yields surged on Friday as traders welcomed the release of April’s nonfarm payrolls data, which beat expectations with a seasonally adjusted increase of 177,000 jobs. This news alleviated concerns about the impact of President Trump’s higher tariffs on the economy. The benchmark 10-year Treasury note yield rose over 7 basis points to 4.308%, … Read more