scorecard
  1. Home
  2. stock market
  3. Markets
  4. BONDS JUMP AFTER UGLY JOBS REPORT

BONDS JUMP AFTER UGLY JOBS REPORT

Sam Ro   

BONDS JUMP AFTER UGLY JOBS REPORT
Stock Market1 min read

new york stock exchange trader

AP Images

The jobs report is out, and it's a big miss.

The most dramativc move is coming from the bond market where the yield on the 10-year Treasury just dropped from 2.47% to 2.40%.

U.S. companies added just 142,000 new payrolls in August, missing expectations for a gain of 230,000.

July's number was revised up modestly to 212,000 from an earlier print of 209,000.

As expected, the unemployment rate ticked down to 6.1% from 6.2% in July. This came as the labor force particiapation rate slipped to 62.8% from 62.9%.

More to come...

READ MORE ARTICLES ON


Advertisement

Advertisement