Pressure on rates increasing with strong jobs report

Pressure on rates increasing with strong jobs report

Bond yields increased Friday as investors reacted to a strong jobs report that included better-than-expected employment numbers and rising wages.

After the jobs release Friday morning, the yield on the benchmark 10-year Treasury note topped 2.9 percent at midday, according to CNBC. Meanwhile, yields on 30 Year Treasurys and 2 Year Treasurys also increased. The yield on the two-year note topped 2.69 percent, its highest level since July 30, 2008.

Jobs number and wages are up

The August jobs report showed encouraging statistics, finishing above expectations at 201,000 total nonfarm payroll jobs.

Continue reading Pressure on rates increasing with strong jobs report at Movement Mortgage Blog.

About the authors

Our team is truly passionate about a career that allows us to connect with people every day. We want to build a legacy that is grounded in a genuine desire to build long lasting relationships based on trust. We have the privilege of helping people with one of the biggest financial decisions they will ever make, and we do not take that lightly. Our goal is to provide a level of service that is unparalleled and an overall experience that is remembered for years to come.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

Learn more about movement