After new data showed that the number of recruits increased sharply in March, US government bond yields rose slightly, making investors more optimistic about the economic outlook.
According to data from Tradeweb, the yield on the benchmark U.S. Treasury bond closed at 1.721%, compared with 1.680% on Thursday.
The Labor Department said that after employers added 916,000 jobs last month, the rate of return has risen as prices have fallen. This was the largest increase since August and exceeded the expectations of economists surveyed by The Wall Street Journal. Economists had previously predicted that this number would add 675,000 jobs.
With the US stock market closed, Friday’s bond market meeting was abbreviated. The Securities Industry and Financial Markets Association (Sifma) recommended that the market close at 1
Thomas Simons, senior vice president and money market economist at Jefferies LLC’s fixed income division, said that overall, the employment report is encouraging. “Even if you look at the details, there is even more Many reasons deserve to be encouraged.”.