U.S. Treasury yields rose on Friday after the release of stronger-than-expected jobs data. The yield on the 10-year Treasury note climbed to 4.44%, while the 2-year Treasury yield increased to 4.88%.
The Labor Department reported that the U.S. economy added 272,000 jobs in May, exceeding economists’ expectations. The unemployment rate remained steady at 4.0%.
The robust jobs data suggests that the U.S. economy remains resilient, despite concerns about inflation and potential economic slowdown. This could influence the Federal Reserve’s decisions regarding future interest rate hikes.
Market analysts are now closely watching upcoming inflation data and Fed communications for further clues about the central bank’s policy path.