10-year Treasury yield rises after much stronger-than-expected October jobs report
CNBC · Sarah Min, Sawdah Bhaimiya, Sean Conlon ·
Investors assessed the path of monetary policy following a blowout October jobs report on Friday.
U.S. Treasury yields jumped as investors assessed a stronger-than-expected October jobs report, which strengthened the case for another rate hike at next month's Federal Reserve policy meeting.
The benchmark 10-year Treasury yield climbed more than 3 basis points to 4.868%. The long-dated 30-year Treasury bond rose more than 2 basis points to 5.275%. Meanwhile, the 2-year Treasury note yield jumped nearly 5 basis points to 4.524%.
One basis point equals 0.01%, and yields and prices move in opposite directions.