The nation’s unemployment rate fell to a nine-year low in November and strong job growth continued, with the economy adding 178,000 new jobs last month, U.S. government data showed on today.
Treasury yields climbed this week, as surging oil prices stoked expectations that inflation will accelerate in 2017.The yield on the benchmark 10-year Treasury note gained eight basis points to 2.48% — it’s largest gain since Nov. 14. The two-year yield, increased by 3.8 basis points to 1.15%. The 30-year yield rose 8.2 basis points to 3.1%, its highest level in 13 months. Treasury yields rise as prices fall.
.Treasury yields climbed this week, as surging oil prices stoked expectations that inflation will accelerate in 2017.The yield on the benchmark 10-year Treasury note gained eight basis points to 2.48% — it’s largest gain since Nov. 14. The two-year yield, increased by 3.8 basis points to 1.15%. The 30-year yield rose 8.2 basis points to 3.1%, its highest level in 13 months. Treasury yields rise as prices fall.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
