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DJ Treasury Yields Rise Ahead Of Jobs Report -- Market Talk

· 02/05/2021 08:14

0813 ET - Long-term Treasury prices fall ahead of a closely watched January jobs report, sending the 10-year yield up to 1.165% from 1.140%. The current level is the highest since March, amid expectations that 50K jobs were added last month, following disappointing 140K job losses in December. While Covid-19 restrictions keep a lid on employment, there's room for optimism as vaccination advances. Amherst Pierpont's Stephen Stanley expects that 300K jobs have been added. "I doubt that restaurants would have implemented further sharp job cuts last month," he says. "Other sectors...likely continued to exhibit strength." (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

February 05, 2021 08:14 ET (13:14 GMT)

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