Treasury Yields Rise on Positive Employment Data

Strong jobs data and the subsequent decline in unemployment in the United States led to a rise in the U.S. Dollar (USD) and Treasury yields on Friday.

The benchmark 10-year U.S. Treasury bond yield rose by about 3.5 basis points to 1.714%, but remained below its highest level in 14 months, which was recorded last Tuesday at 1.776%.

Meanwhile, the Dollar Index (DXY), which measures the greenback’s performance against six major rivals, has maintained its level above 93.

The Unemployment rate in the United States declined to 6% in March, from 6.2% in February, after the economy added 916,000 jobs last month, according to data by the U.S. Bureau of Labor Statistics.

It is worth noting that most markets are closed for Good Friday.