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Treasury Yields Surge as Blowout Jobs Data and Midterm Jitters Put 5% 10-Year Rate Back in Play

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Treasury Yields Surge as Blowout Jobs Data and Midterm Jitters Put 5% 10-Year Rate Back in Play

US Treasury yields climbed as stronger than expected September jobs data pointed to a resilient labour market, while investors awaited the midterm election results. Falling oil prices briefly eased pressure on bonds, but the move reversed as economic data reinforced growth expectations and uncertainty over future US fiscal policy kept investors cautious.

Source: https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/us-treasury-yields-climb-as-strong-jobs-data-and-midterm-uncertainty-weigh-on-bonds/articleshow/135511549.cms

Sources: economictimes.indiatimes.com

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