💨 Abstract

The benchmark 10-year Treasury yield rose to 4% on Monday following a strong U.S. jobs report, reducing rate-cut expectations at the Federal Reserve. This boosted the dollar and equities, with the S&P 500 near all-time highs. Higher U.S. yields also supported the dollar against the yen, though gains were checked due to Japanese concerns over speculative trading.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖