Reported about 23 hours ago
A selloff in the U.S. Treasury market intensified after a strong employment report suggested the Federal Reserve may not cut interest rates in the near future. The yield on the 30-year bond exceeded 5% for the first time in over a year, reflecting concerns over inflation and budget deficits. As job growth outpaced expectations and unemployment fell to 4.1%, economists adjusted their forecasts, anticipating fewer rate cuts than previously expected, marking a significant shift in bond market dynamics.
Source: YAHOO