January 19, 2025
Bond yields log biggest daily gain in about 2 weeks as jobs report seen boosting Fed rate-hike chances

Bond yields log biggest daily gain in about 2 weeks as jobs report seen boosting Fed rate-hike chances

Treasury yields rose sharply in holiday-abbreviated trading Friday, though rates still concluded the week lower overall, after employment data for March was seen boosting the chances of another Federal Reserve interest-rate hike next month.

What happened
What drove markets

The U.S. economy added 236,000 new jobs in March, in line with expectations for an increase of 238,000 according to the median estimate from economists polled by The Wall Street Journal, but down from a revised gain of 326,000 in February.



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