Analysis: Where will yields go? Investors weigh US jobs data against Delta fears By Reuters – Investing.com
- Date: 07-Aug-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Analysis: Where will yields go? Investors weigh US jobs data against Delta fears By Reuters – Investing.com
By David Randall, Saqib Iqbal Ahmed and Lewis Krauskopf
NEW YORK (Reuters) - An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year, potentially weighing on an equity rally that has taken stocks to record highs.
Yields on the benchmark 10-year Treasury, which move inversely to prices, stood at about 1.29% on Friday, their highest level since July 27, after Labor Department data showed the U.S. economy added 943,000 jobs last month. Analysts polled by Reuters forecast payrolls adding 870,000 jobs.
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