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Long-end Treasury yields rebound above 5.30% after weaker jobs data

Forexlive reports the 10-year yield fell toward 5.16% right after the softer payrolls report, then reversed to trade back above 5.30%.

Reported · Written up by our desk · Inflation

Forexlive reports that long-end Treasury yields moved higher again this week, despite a softer US jobs report that initially eased expectations for another Fed rate hike.

The outlet cites a non-farm payrolls increase of 29k versus expectations around 90k and an unemployment rate rise to 4.2%, alongside cooling wage growth.

After the report, 10-year Treasury yields dropped toward 5.16%, but they quickly reversed and have pushed back above 5.30%, according to Forexlive.

The outlet says the speed of the reversal suggests weaker payrolls were not enough to persuade investors to hold long-end Treasuries.

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