U.S. Treasury yields rebounded in choppy trading on Friday after new data presented a mixed picture for the labor market.
In recent trades, the yield on the benchmark 10-year U.S. Treasury was 3.063%, according to Tradeweb, down from 3.066% on Thursday. Friday’s move in yields came after the previous day’s surge, which caught many investors off guard. Just a day earlier, Federal Reserve Chairman Jerome Powell had lifted stock and bond prices, saying Fed officials were not actively considering a future three-quarters interest rate hike. percentage point.