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U.S. 10-Year Treasury Yields Climb After Jobs Data
U.S. 10-year Treasury bond yields rose to their highest level since May, following the May jobs report which was stronger than expected, with employment increasing by 172,000 jobs and the unemployment rate remaining steady at 4.3%. This contributed to gains in yields for the 2-year and 30-year maturities, and the data confirmed that the labor market remains strong, reducing the likelihood of interest rate cuts in the future, according to Federal Reserve officials.
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