GOLD DROPS, BONDS GET SMOKED AFTER THE JOBS REPORT
Dec 5, 2014, 19:13 IST
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Yields spiked, which means bonds are selling off. The 10-year Treasury yield jumped from 2.241% before the report to 2.327% just after the report.
Gold is tumbling, falling from around $1,205/oz to around $1,190/oz.
US stock market futures are doing much. Dow futures are up 38 points and S&P 500 futures are up 2 points, which is basically where they were ahead of the report.
Nonfarm payrolls jumped by 321,000 in November, which was much stronger than the 225,000 expected by economists. Even better, October's number was revised up to 243,000 from an earlier estimate of 214,000.
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Here's a look at gold.
Here are 10-year Treasury futures falling.
