The yields of the US Treasury were higher on Friday when consumers’ feeling of future inflation has worsened and that the January job report has shown wage growth that could put pressure.
The 10 -year treasure yield increased by six base points to 4.501%. The 2 -year treasure yield was the last to 4.279% after also increasing by seven base points. Yields and prices are changing in opposite directions. A basic point is 0.01%.
The report on the non -enlarged payroll in January has shown net growth of 143,000 jobs, less than 169,000 economists expected, according to Dow Jones. However, the unemployment rate dropped to 4.0%, compared to 4.1%, employment growth in the previous two months was revised above.
The average hourly income was also stronger than expected, up 0.5% in January and now increased by 4.1% in the past year. Economists expected an increase of 0.3% and 3.7%, according to Dow Jones.
Although the data may point out that job creation slows down, the lower unemployment rate and the strong growth of wages support the opinion that the labor market seems to resist well and that job losses will not become a problem For the federal reserve of so early.
An image of stable employment will be greeted by the Fed light markets, probably arouses interest rates for several months, while decision -makers are waiting to see how the Budget, Economic and Commercial Policy of the American President Donald Trump , including potential rates, shake.
The report comes after the ADP payroll processing company said on Wednesday that private companies had created 183,000 jobs in January. This was greater than the revised figure of 176,000 in December and also exceeded expectations.
The latest report on consumer feelings will also be published on Friday. The attention will then go from this week’s work numbers to another key data planned for next week – consumer inflation figures and basically January.
