US Job Data Sends Yields Soaring Amid Relief Over Solid Economy
US Treasury yields surged on Friday, driven by hotter-than-expected job data and investor relief over the economy’s strong performance. The 10-year yield jumped more than 11 basis points to 4.506%, while the 2-year yield rose over 11 basis points to 4.041%. The 30-year bond yield advanced over 8 basis points to 4.966%. The May jobs … Read more