Skip to comments.Biggest job gain in 3 yrs pushes up interest rates
Posted on 04/02/2010 10:13:50 AM PDT by NormsRevenge
NEW YORK (AP) -- The biggest increase in jobs in three years pushed interest rates to their highest level since before the worst days of the credit crisis in 2008.
With the stock market closed for Good Friday, investors had a shortened day of trading in the bond market to react to the Labor Department's report that employers added the most jobs in March since before the recession began in December 2007.
Treasury prices fell after the report, sending their yields higher. Bond prices tend to fall as investors' confidence grows and demand for safe-haven investments wanes.
The yield on the 10-year Treasury note rose to 3.94 percent from 3.87 percent late Thursday, its highest level since last June and the latest sign of confidence that the U.S. economy is recovering. The yield on the 10-year note is tied to many kinds of consumer loans. The increase could raise borrowing costs for mortgages and other debt.
(Excerpt) Read more at finance.yahoo.com ...
Just when I’m getting ready to refinance, just my luck.
The AP lies so much. Rates are up because he is rushing to bankrupt America. There are no new jobs - this is the treasury auctions failing cause there is too much debt,
Do not wait.
Impose crap and traitor and watch all the good news go buh bye Obama..
The streets will be full of angst this summer and fall..
You have exactly what you wanted all a long.
A powder keg and sparks to set it off.
and the numbers to play with the people’s will.
By employers, does AP mean the Census bureau
That sure is one hell of a screen name you’ve picked!!!
Glad you like it!
The new job numbers reflect all of the temporary census workers and the enlargement of government.
Very skeptical of the numbers. Inflated due to Federal Hires... They’re going to flood the market with Gov’t jobs this summer and things on paper will look good come November.
We all know every Federal Job is funded by us...the taxpayers. So every hire they make pulls money out of the economy.
Now...if we can just get this reality to hit home (wallet) of all Liberals. (who actually have a real job)
You are spot on Frantzie...just the MSM owebama bootlickers covering for their master again.
I’m sure it sure grabs people’s attention!!! (grin)
Nice map of unemployment.
It looks like the bond vigilantes are beginning to wake up.
I think it also has a lot to do with the increased number of fed employees that are at or very close to retirement.
“The employers” did NOT add jobs.
These numbers are from the hiring of Census workers-—temps hired by the Federal Govm’nt.
These hires are not from the private sector.
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