Treasury yields recover ground lost after disappointing labor data and end the week higher. The BLS puts June job creation at 57,000, about half as many as expected. The surprise reduces odds of Fed interest rate increases priced into fed fund futures, although at least one hike this year remains the highest probability, according to CME. Inflation expectations priced inswaps trade match the Fed's 2% target, according to LSEG. Bond markets close earlier and won't reopen until Monday. Next week will bring June services PMI and existing home sales. The 10-year yield rises 0.105 percentage point this week to 4.447%. The two-year increases 0.043 p.p. to 4.130%. (paulo.trevisani@wsj.com; @ptrevisani)
Dow Jones Newswires
Treasury Yields Rise in Holiday Shortened Week — Market Talk
Treasury yields recover ground lost after disappointing labor data and end the week higher. The BLS puts June job creation at 57,000, about half as many as expected. The surprise reduces odds of Fed interest rate increases priced into fed fund futures, although at least one hike this year remains t…