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2-year Treasury yield extends rise after popping higher following Friday's jobs report

Bond Report Published: May 8, 2023 at 7:45 a.m. ET The 2-year Treasury yield was on the rise early Monday, after jumping at the end of last week following a stronger-than-expected April jobs report.Price historyMarket drivers Yields rose Friday after data showed the U.S. created a stronger-than-expected 253,000 new jobs in April, above expectations, and that wages

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Bond Report

The 2-year Treasury yield was on the rise early Monday, after jumping at the end of last week following a stronger-than-expected April jobs report.

Price history

Market drivers

Yields rose Friday after data showed the U.S. created a stronger-than-expected 253,000 new jobs in April, above expectations, and that wages rose a sharp 0.5%, while the unemployment rate unexpectedly fell to 3.4% from 3.5%. The report, however, also saw downward revisions to February and March.

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