US Treasury yields rise as US adds more jobs than expected.
The US Treasury bond yields rose as the new job additions in the US exceeded expectations. In January, employment increased by 130,000 people, far surpassing the economist's average expectations of 55,000 people in a survey conducted by The Wall Street Journal. The December data was revised down from an increase of 50,000 people to an increase of 48,000 people. The unemployment rate also decreased slightly from 4.4% to 4.3%. The improvement in the job market may be a reason for the Federal Reserve to keep interest rates unchanged, as it is widely expected that the central bank will maintain rates in March. Previously, the yields had been decreasing due to signs of economic slowdown, but after the employment data was announced, they sharply reversed. The 10-year Treasury bond yield was at 4.192% and the 2-year Treasury bond yield was at 3.527%.
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