10-year Treasury yield flat at 1.584%

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Breaking

Treasury yields edge higher after unemployment rate plumbs 50-year low

Treasury yields ticked higher on Friday after the employment report for September showed that the labor market remained robust despite growing concerns about the longevity of the U.S. expansion. The 10-year Treasury note yield was up 1.3 basis points to 1.549%, while the 2-year note rate climbed 3.6 basis points to 1.422%. The 30-year bond yield was virtually unchanged at 2.042%. Bond prices move in the opposite direction of yields. The U.S. economy added 136,000 news jobs in September, while the unemployment rate dropped to 3.5%, the lowest since December 1969. Average hourly earnings was little changed in September. Analysts polled by MarketWatch had forecast a 150,000 increase in jobs, and for the unemployment rate to stay at 3.7%.

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