4 Mar 2016
US treasury yields back-off from one-month high
The US treasury yields jumped to one-month high after the non-farm payrolls report showed economy added far more jobs that expected in February.
However, the slowdown in the wage growth ensured the yields trimmed gains.
The yield on the 10-year Treasury note gained 5.5 basis points to 1.885%, its highest level since Feb. 1, before trimming gains to 1.857%.
The 2-year yield, which mimics rate hike bets, jumped to 0.893%, before falling back to 0.854%.
The early jump in the yields was on speculation that continued strength in the labor market could keep the Federal Reserve on track to raise interest rates.
However, the slowdown in the wage growth ensured the yields trimmed gains.
The yield on the 10-year Treasury note gained 5.5 basis points to 1.885%, its highest level since Feb. 1, before trimming gains to 1.857%.
The 2-year yield, which mimics rate hike bets, jumped to 0.893%, before falling back to 0.854%.
The early jump in the yields was on speculation that continued strength in the labor market could keep the Federal Reserve on track to raise interest rates.