Why the upcoming jobs report could send 10-year and 30-year Treasury yields surging
Another hot jobs report could also pressure the Federal Reserve to raise interest rates again in October.
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# Summary A stronger-than-expected jobs report could trigger significant increases in 10-year and 30-year Treasury yields, as investors would price in expectations of persistent inflation and potentially higher for longer interest rates. This economic strength could also compel the Federal Reserve to raise rates again in October, creating headwinds for interest-rate-sensitive sectors like real estate, utilities, and consumer discretionary stocks while benefiting financial institutions.
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