U.S. Treasury yields were mixed on June 8 after a stronger-than-expected May jobs report increased bets that the Federal Reserve could raise rates later in 2026. Reuters said the two-year yield eased from a 15-month high while rate futures and the dollar reflected firmer tightening expectations.
U.S. Treasury yields were mixed on June 8 after a stronger-than-expected U.S. jobs report pushed traders to price in higher odds of a Federal Reserve rate hike later this year.
The U.S. Bureau of Labor Statistics said May nonfarm payrolls rose by 172,000 and the unemployment rate held at 4.3%. Reuters reported that the market reaction continued into Monday, with the two-year Treasury yield pulling back from a 15-month high.
Rate futures had already lifted the odds of a December hike after the employment report, according to Reuters. The dollar also firmed as investors reassessed the path for monetary policy.
The latest move leaves markets focused on whether upcoming Fed comments or new inflation data will reinforce the repricing or reverse it.
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