Treasury yields reverse post-employment report surge

|By:, SA News Editor

Strong employment report and coming Fed rate hikes? Long-term Treasurys have their eye on something else, with the yield on the 10-year note off another four basis points in early action to 2.57%. The yield touched 2.70% in wake of Thursday's fast nonfarm payroll number.

Previously: Treasury yields jump, gold slumps after strong jobs print

Checking Eurodollar futures for expectations of tighter monetary policy, they've backed off a bit from rate hikes as well, the June 2016 contract ahead by four basis points, but still pricing in a Fed Funds rate about 130 basis points higher in two years then it is now.

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