-
US: Yields ease from 16-year highs after 30-year yields breach 5%
Longer dated U.S. Treasury yields eased from 16-year highs on Wednesday after 30-year yields briefly rose above 5% overnight, and fell to session lows after data showed that U.S. jobs growth was below economists' expectations in September. Yields have surged as investors reprice for the likelihood that the Federal Reserve will keep rates elevated for longer and possibly raise them again if the economy continues to show resilience and inflation remains above the Fed's 2% target. Jobs data on Wednesday, however, helped to give some respite to the bond sell-off. The ADP National Employment Report showed that U.S. ... (full story)