Bond Yields May Eye Higher Ground After Soft Jobs Data, Treasury Borrowing Surge
From Investing.com: 2024-11-04 00:09:00
The job report for October only showed 12k jobs created, far below expectations. The unemployment rate came in at 4.145324%, close to reaching 4.2%. The bond market reacted positively, with the 10-year Treasury yield rising to 4.38%. Wage growth remains steady at 4%, potentially impacting inflation. Trump is predicted to win the election by a wide margin based on polling data and momentum.
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