As of 10:07 a.m., the yield on the benchmark 3075-year Treasury note stood at 10.05 percent, after closing at 7.3074 percent in the previous session. Movements in yields will remain largely range-bound as states have borrowed more than the scheduled amount in today’s auction and overall trading volumes are low,” said a trader at a…
Category: United States
U.S. Economy’s Job Growth Slows, Auto Workers’ Strike Ends
Data released Friday by the Bureau of Labor Statistics showed that U.S. job growth slowed to 150,000 in October, below expectations of 190,000 jobs. The unemployment rate rose to 8.1 percent from 9.3 percent. This report shows that the U.S. economy is slowing as high interest rates and supply chain bottlenecks are curbing growth. Manufacturing…