Us Treasury Yields Were Higher Friday as Consumer Sentiment Toward Future Infection Worsen and as the January Jobs Report Showed Higher-That-Expected Wage Growth that Might Pressure PRICES.
The 10-Year Treasury Yield Rose Four Basis Points to 4.485%. The 2-Year Treasury Yield was last at 4.279% after Rising Seven Basis Points. Yields and Pris Move in Opposite Directions, and One Basis Point Equals 0.01%.
Consures Grew Dramatically More Worned About Near-Term Inflation as President Donald Trump Pushed aggressive tariffs against major us trading partners, a Closely Watched Survey Showed Friday.
The University of Michigan Consumer Surveyy For February showed that Respondents Expect the inflation rate a year from now to be 4.3%, A 1 Percentage-Point Jump from January and the Highhest Level Since Novber 2023.
“Expect yields to drift higher as investors digest the details,” Said Bryce Doty, Senior Portfolio Manager at Sit Investment Associates.
Meanwhile, the January Nonfarm Payrolls Report Showed Average Hournings WERENINGS WERENINGS WERENEGER Than Expected, Rising 0.5% Last Month and Now Up 4.1% Over the Past Year. Economists were expected increases of 0.3% and 3.7%, respectively, according to down jones.
The labor market added A NET 143,000 Jobs Last month, lower than the 169,000 expected by economists, according to down jones, but the Unempolyment rate doubled to 4.0% from 4.1% as Job Growth in the Previous Two Months
“Overall, despite the disappointing headline miss, the underlying details was strong,” said IAN LYNGEN, Managing Director and Head of Us Rates Strategy at BMO Capital Markets Fixed Incomed Incomed Incomed Incomed Incomed Incomed Incomed Incomed Incomed Incoming Tiem.
While The Data Blad Signal That Jobs Creation is Slowing, The Lower UNENMPLEMENT RATE AND Strong Wage Growth Supports The View That The Labor Market Appears to Be Holding Up Well and Job Losses Ederal reserve any time son.
A Stable Employment Picture will be welcomed by markets in light of the fed likely rates on hold for several more months as policymakers wait to Potential tarifs, shake out.
The latest jobs report came after payrols processing firm ADP On Wedns Day Private Companies Created 183,000 Jobs in January. This was higher than December’s revised Figure of 176,000 and also exceed expectations.
Attention will soon
– Additional Reporting by CNBC’s Jeff Cox and Sarah Min.
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