NEW YORK - The U.S. Treasury yield surge that has shaken markets in recent weeks may have further room to run, after a stunningly strong U.S. jobs report bolstered the case for more tightening from the Federal Reserve.
“It’s quite a report,” said Peter Cardillo, chief market economist at Spartan Capital Securities. “The likelihood of a Fed hike in November has risen. This is not what the market was looking for.” For some investors, however, further increases in yields could be limited given the weakness already seen in bonds in recent weeks. The restrictive level of interest rates on the economy could also be seen as an opportunity to add longer dated bonds, said Candice Tse, global head of strategic advisory solutions at Goldman Sachs Asset Management.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar pauses rally as markets brace for US nonfarm payrolls testThe dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and U.S. Treasury markets as they looked to U.S. nonfarm payrolls data later in the day for potential catalysts. Friday's closely-watched jobs report comes on the heels of a run of resilient U.S. economic data which has reinforced the Federal Reserve's hawkish messaging of higher-for-longer rates and sent the greenback and U.S. Treasury yields surging. The dollar index, which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Why investors should monitor Treasury yields: Monetary Macro CIOSurges in Treasury yields have had an impact on a range of rates on consumer loans including mortgages, causing grief for investors and everyday Americans. With higher for longer interest rates sticking around, the economy is believed to slow and potentially lead to a recession. Monetary Macro CIO Joseph Wang joins Yahoo Finance to break down what is going on with Treasury yields and what actions the Federal Reserve can take to mitigate disaster. 'Yields [will] stop popping out when there's more active involvement by the Fed, not by cutting rates, but being actively involved in the Treasury market,' Wang states. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Soaring Treasury yields ignite turbulence throughout marketsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »