Tagged: jobs report

October hiring more than doubled expectations, pushing Treasury yields higher

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Friday’s jobs report drives rate dive after downward trend already saw rates easing