Treasuries are modestly higher across the curve this morning from previous close as investors fled riskier assets to safe-haven investments overnight after the U.S. struck an attack on a Syrian airbase late yesterday. The UST10-Year yield is currently at 2.318% after closing at 2.342% prior.
The UST10-Year yield briefly touched 2.280% after the U.S. launched a targeted cruise missile against a Syrian airbase, pushing the yield to its lowest level since November. Oil prices jumped to a 1-month high of $52.68 per barrel, and the dollar also saw a 3-week high as a result of this attack.
The March employment data came in 82k below expectations, reporting that the U.S. created only 98k new jobs for the month versus a downwardly revised 219k in February. Analysts are pointing to the early March winter storms as the likely reason for the disappointing jobs report. The unemployment rate fell to 4.50% in March from 4.70% in February. Employment showed increases in professional and business services and in mining, while retailers reportedly lost jobs.
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Treasuries are modestly higher across the curve this morning from previous close as investors fled riskier assets to safe-haven investments overnight after the U.S. struck an attack on a Syrian airbase late yesterday. The UST 10-Year yield is currently at 2.318% after closing at 2.342% prior.
The UST 10-Year yield briefly touched 2.280% after the U.S. launched a targeted cruise missile against a Syrian airbase, pushing the yield to its lowest level since November. Oil prices jumped to a 1-month high of $52.68 per barrel, and the dollar also saw a 3-week high as a result of this attack.
The March employment data came in 82k below expectations, reporting that the U.S. created only 98k new jobs for the month versus a downwardly revised 219k in February. Analysts are pointing to the early March winter storms as the likely reason for the disappointing jobs report. The unemployment rate fell to 4.50% in March from 4.70% in February. Employment showed increases in professional and business services and in mining, while retailers reportedly lost jobs.
The curve has bull-flattened with the UST 10-Year down 2.4 bps from prior closing.
Have A Fantastic Weekend!