Line of Credit 
PrintUS 10-year yield rises to 4% for first time in two months
BY Reuters | ECONOMIC | 10/07/24 04:26 AM EDTLONDON, Oct 7 (Reuters) - The benchmark 10-year U.S. Treasury yield rose to 4% for the first time in two months on Monday after Friday's strong U.S. jobs data pointed to a resilient economy, leaving markets betting against another jumbo rate cut from the Federal Reserve.
The 10-year yield was up 1.5 basis points at 4%. It rose 13 bps on Friday, its biggest one-day rise since June 30.
The two-year yield, which is more sensitive to changes in monetary policy expectations, was up 4 bps to 3.9722%, its highest since Aug. 22. It rose almost 22 bps on Friday, its biggest daily rise since April.
Data on Friday showed the U.S. economy added 254,000 nonfarm payrolls in September, well above the expectations of economists polled by Reuters.
Markets are fully pricing a 25 basis point rate cut in November, but see next-to-no chance of a larger 50 bp move, having seen around a 33% chance of one last week.
(Reporting by Samuel Indyk, editing by Alun John)
