Jobs Surge, Yields Rise: Treasuries' Easter Weekend
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Treasuries took a hit Friday as March jobs data surged, pushing yields up. Despite the jobs pop, the argument for rate cuts weakens. Wall Street is cautious, with short positions unwinding and options bought for protection against falling yields. Ten-year yields closed at 4.34%, off the years peak. JPMorgan advised taking profits on recent Treasury buys. As oil trading pauses for Easter, expect the market to focus on growth drag, setting up Treasuries for a potential bounce if yields cool.
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