As investors evaluated the latest jobs report, U.S. Treasury yields rose on Monday. The 10-year Treasury yield reached 4.4480%, its highest level this year, while the 2-year Treasury yield also increased to 4.7823%. It’s important to note that yields and prices move in opposite directions, with each basis point representing 0.01%.
The March jobs report showed a higher-than-expected increase of 303,000 nonfarm payrolls, which has raised concerns about whether interest rates will remain high for a longer period. This week’s economic data, including the consumer price index and producer price index for March, will provide further insight into inflation trends.
In addition to economic data, several Fed officials are scheduled to speak this week and the minutes from the last Fed meeting will be released. This information will offer investors more clarity on the central bank’s views and actions. Overall, investors are closely monitoring economic indicators and statements from policymakers to gauge the future direction of interest rates.
