Mmastodon BusinessMarkets first seen 1 h ago, last 26 min ago, peak #11
US 10-year Treasury yield hits 24-year high despite weak jobs report
Original: 🔴 BREAKING U.S. Treasury Yields Hit 24-Year High Despite Weak Jobs Report U.S. 10-year Treasury yields rose to a 24-year
The US 10-year Treasury yield rose to 5.28% on October 2, a level not seen in 24 years, even as a weaker-than-expected jobs report was released. Yields would normally fall on soft employment data, so the move is being read as a sign of shifting investor sentiment, with bond markets defying typical reactions to economic news and raising concerns about borrowing costs.
Why now: Bond yields reaching a 24-year high against weak jobs data defies normal market logic, prompting concern about inflation and fiscal pressures.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/870568