Interest rates are shooting higher in the bond market after the government reported better than expected February jobs data. For more information regarding the most recent information taking place on Wall Street make sure to visit the Most Exclusive and Leading in Depth newsletter website at: http://www.wallstreetgrand.com/.
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Interest rates are shooting higher in the bond market after the government reported better than expected February jobs data. The Labor Department says the unemployment rate stood at 9.7 percent in February as employers shed 36,000 jobs. That was fewer than the 50,000 jobs analysts expected. The figures, released Friday, suggest the job market is slowly healing but that significant hiring has yet to occur. The reassuring news on the economy led investors to sell out of bonds and buy riskier assets. The yield on the 10-year Treasury note that matures in February 2020 rose to 3.69 percent from 3.61 percent late Thursday. Its price is down 21/32 to 99 15/32. Bond prices move in the opposite direction of their yields
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