10-year Treasury yield ticks higher despite weaker-than-expected jobs report

Live updates

1. 2h ago

   Treasury Yields Rise After Initial Drop Following Weak September Jobs Data

   U.S. Treasury yields rose Friday after an initial decline triggered by a disappointing September jobs report. The U.S. economy added only 29,000 jobs last month, falling below market estimates and pushing the unemployment rate to 4.2 percent. While bond traders initially pulled back on Federal Reserve hike bets due to the soft data, investors quickly lost enthusiasm for the weak figures, causing yields to tick higher. This movement follows a period where the 10-year Treasury yield reached its highest level since 2002.

   Why it matters

   Treasury yields typically fall when weak employment data suggests the Federal Reserve may stop raising interest rates to support growth. The current volatility occurs one month before U.S. midterm elections amid public discontent over the cost of living.

   What is confirmed

   • The U.S. economy added 29,000 jobs in September.
   • The unemployment rate rose to 4.2 percent in September.
   • Treasury yields rose on Friday after an initial drop following the September jobs report.

   Still unconfirmed

   • The 10-year Treasury yield hit its highest level since 2002.
   • The 10-year Treasury yield pulled back from a 24-year high.

   What to watch next

   • Federal Reserve interest rate decisions
   • Upcoming U.S. midterm election results
   Sources used for this update (12)

   1. Bloomberg.com — Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook
   2. www.zerohedge.com — Futures Rise As 10Y Yields Pull Back From 24 Year High | ZeroHedge
   3. wsj.com — U.S. Treasury Yields Steady as Buyers Resurface
   4. CNBC — Treasury yields inch higher as investors await key jobs report
   5. Bloomberg.com — Bond Traders Pull Back on Fed Hike Bets After Soft Jobs Data
   6. Yahoo Finance — Stocks rise, yields fall as US job numbers disappoint
   7. The Times — Weak US jobs growth sparks fall in government borrowing costs
   8. MarketWatch — Why bond investors quickly lost their enthusiasm for weak jobs figures
   9. www.clickorlando.com — US hiring slows and unemployment ticks higher with a month remaining before Americans head to polls
   10. www.cnbc.com — U.S. Treasury yields: Investors await key jobs report
   11. www.ntd.com — US Economy Adds Just 29,000 Jobs in September, Below Market Estimates | NTD
   12. flipboard.com — 10-year Treasury yield ticks higher despite weaker-than-expected jobs report
   confidence 90%