Bond Report: Treasury yields, U.S. dollar advance as jobs data boosts chance of Fed rate hike in May

by | Apr 7, 2023 | Stock Market

Treasury yields moved sharply higher in thin holiday trading on Friday after the March U.S. employment data showed a healthy pace of job growth and lower unemployment rate though the pace of wage growth slowed. What happenedWhat 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. The…

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