Treasury prices dropped on Friday, pushing yields to their highest in almost two months, after a government report said that last month the U.S. economy lost the fewest jobs since last August and the unemployment rate unexpectedly declined. The data added to evidence that the worst of the recession has passed and encouraged investors to seek assets that are riskier than Treasurys.
"Today's report marks another point of progress back towards normalcy," said Scot Johnson, senior client portfolio manager at Invesco Worldwide Fixed Income. "Riskier assets are performing better so investors will require higher yields on Treasurys." (more)
No comments:
Post a Comment