Yields surge higher amid oil deal, strong jobs numbers

|By:, SA News Editor

The 10-year Treasury yield was already higher this morning, possibly helped along by a 7% moonshot in oil on reports of a deal to cut production.

The yield jumped further - now up 7 basis points to 2.36% - following the November ADP report showing 216K jobs added vs. just 160K expected, and 147K in October.

Other news to consider is Trump's Secretary pick Steven Mnuchin and his promise of tax reform - including both personal and corporate tax cuts - as a first priority.

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