Rebounds off the day low/week low at 2.9341%
The US 30 year bond yield has moved back above the 3% level. Yesterday the yield dipped back below that level for the 1st time since November 30th. The low today extended to 2.9341% but the solid (but as expected) employment report, has the yields moving higher again on expectations of the Fed continuing the tightening in 2017.
The high yield this week extended to 3.1298%. The end of year closed at 3.0651%.
The 10 year yield has also pushed to a new day high yield of 2.4230%
US stocks are higher:
- S&P index +5.72 points or up 0.25%
- NASDAQ composite index up 25.6 points or 0.47%
- Dow industrial average up 38 points or 0.20%
- Spot gold is trading at $1173 down seven dollars or -0.60%
- Crude oil futures are trading at $54.19 that is plus $.45 or +0.84%
The USDJPY is getting a boost from the move higher it seems as it too trades at session highs.