U.S. Treasury yields were higher on Monday as investors digested Friday’s jobs report and looked ahead to key data slated for the week that could provide hints about the outlook for interest rates.
At 12:07 p.m. ET, the yield on the 10-year Treasury was 5 basis points higher to 4.432%, trading around its highest level so far this year. The 2-year Treasury yield was last at 4.786% after rising by five basis points.
Yields and prices move in opposite directions and one basis point equals 0.01%.
Investors considered the state of the economy and what this could mean for monetary policy after the March jobs report, which was published Friday, came in much higher than expected.
Nonfarm payrolls rose by 303,000 in March, according to the Labor Department’s Bureau of Statistics, above the Dow Jones estimate of 200,000. In February, nonfarm payrolls had increased by a downwardly revised 270,000.
The data heightened concerns about whether a resilient economy and labor market …