Economy / Markets
Treasury yields rise as jobs data strengthen case for rate hike
The 10-year yield climbed to 4.864% after the October report.
Status: source-checked.
NEW YORK — U.S. Treasury yields rose Friday after a stronger-than-expected October jobs report strengthened the case for another Federal Reserve rate increase, CNBC reported.
The 10-year Treasury yield rose to 4.864%, the 30-year to 5.263% and the 2-year to 4.522%.
Fed funds futures priced more than a 77% chance of a quarter-point increase at the Dec. 9 meeting, up from more than 66% a day earlier, according to the CME FedWatch Tool.
What we know / what we don't
What we know
- The 10-year yield reached 4.864%.
What we don't know
- Market pricing can change before the December meeting.
The source record