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10/7/2022, 4:06 PM (Source: TeleTrader)
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US Treasury yields rise after employment data

United States Treasury yields rose on Friday after the latest labor market data boosted expectations that the Federal Reserve will not decelerate its transition to a restrictive monetary policy. The US central bank is firmly expected to raise interest rates by 75 basis points for the fourth time in a row at its November meeting and keep high interest rates in place at least until 2024, seemingly hurting demand for bonds.

The return on the 10-year Treasury note added 7.4 basis points to 3.898% at 10:03 am ET. The yield on the two-year note increased by 5.8 basis points to 4.308% at the same time and the return on the 30-year bond rose by 7.8 basis points to 3.871% at 10:04 am ET.

Baha Breaking News (BBN) / MS