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Yields back on the rise after jobs beat

Published 07/07/2017, 08:45 AM
© Reuters.  Yields back on the rise after jobs beat
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  • Alongside the 222K job gain in June, May's 138K print was revised up to 152K, and April's 174K up to 207K.
  • The unemployment rate did tick up to 4.4%, but this came alongside an increase in the labor force participation rate to 62.8% from 62.7%.
  • The average workweek rose by 0.1 hour to 34.5 hours. Average hourly earnings rose by $0.04 to $26.25 - they're up 2.5% Y/Y.
  • The 10-year Treasury yield is up 2.3 basis points to 2.39%. TLT -0.55%, TBT +1.1%
  • The strong report isn't yet helping the dollar (UUP, UDN). It was higher earlier in the session, but has returned to flat.
  • Gold (NYSEARCA:GLD) remains marginally lower on the session.
  • Stock index futures (SPY, QQQ, DIA) remain modestly in the green.
  • Now read: Class I Rail Traffic Midyear 2017 Update - It's Time To Shift Focus On Pricing


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