Due to the still strong employment market in the USA, bond yields and the dollar have risen. In December, the number of jobs was 0.256 million, far exceeding expectations. The November figure was revised down from 0.227 million to 0.211 million. The unemployment rate was originally expected to remain at 4.2%, but has now dropped to 4.1%. The annual average hourly wage growth rate has slightly slowed from 4% to 3.9%. This data supports expectations that the Federal Reserve may keep interest rates unchanged for an extended period, further fueling the bond sell-off that has been pushing yields higher. The yield on 10-year government bonds soared from 4.695% before the data was released to 4.783%. The yield on 2-year government bonds is 4.381%, which will be the highest settlement price since September last year.
火热的美国劳动力市场提振美债收益率、美元
A hot labor market in the USA boosts bond yields and the dollar.
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