Treasury Yields Rise After Jobs Report

2026-09-04 13:05 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note rose nearly 3 basis points to 4.79% on Friday, reversing declines in the previous two sessions following a stronger-than-expected jobs report.

The US economy added 162K jobs in August, well above forecasts of 56K, while figures for the previous two months were also revised slightly higher.

The report prompted investors to ramp up bets on a Fed rate hike, with markets now pricing in a nearly 52% chance of a 25bps increase in the federal funds rate this month.

Earlier in the week, bonds sold off following a surge in oil prices and a pledge from Fed Chair Warsh to tame inflation, before recovering after Governor Waller said he would support keeping rates unchanged if inflation continues to move toward the 2% target.

Still, the Fed’s September decision remains highly uncertain for investors, with inflation data due next week expected to provide further clues on the central bank’s next move.



News Stream
Treasury Yields Rise After Jobs Report
The yield on the US 10-year Treasury note rose nearly 3 basis points to 4.79% on Friday, reversing declines in the previous two sessions following a stronger-than-expected jobs report. The US economy added 162K jobs in August, well above forecasts of 56K, while figures for the previous two months were also revised slightly higher. The report prompted investors to ramp up bets on a Fed rate hike, with markets now pricing in a nearly 52% chance of a 25bps increase in the federal funds rate this month. Earlier in the week, bonds sold off following a surge in oil prices and a pledge from Fed Chair Warsh to tame inflation, before recovering after Governor Waller said he would support keeping rates unchanged if inflation continues to move toward the 2% target. Still, the Fed’s September decision remains highly uncertain for investors, with inflation data due next week expected to provide further clues on the central bank’s next move.
2026-09-04
US 10-Year Yield Holds Retreat
The yield on the US 10-year Treasury note held around 4.76% on Friday after pulling back from three-year highs, as traders reduced bets on a Federal Reserve rate hike this month following dovish remarks from a central bank official. Fed Governor Christopher Waller said he would support keeping rates unchanged if price pressures continue to ease, adding that his next policy decision will be heavily influenced by August inflation data due next week. Traders now see roughly a 50% probability of a September rate hike, down from about 63% a day earlier. Investors are also awaiting Friday’s August jobs report for further clues on the Fed’s policy outlook. Meanwhile, oil prices were on track for a strong weekly gain amid ongoing hostilities in the Middle East and heightened uncertainty over shipping through the Strait of Hormuz, keeping inflationary risks in focus.
2026-09-04
Treasury Yields Edge Down Following Waller Comments
The yield on the US 10-year Treasury note fell to 4.74% on Thursday, extending a modest decline from the previous session, after rising to 4.81% earlier in the week, its highest level since October 2023. Comments from Fed Governor Waller that “if there is continued progress toward our 2% goal, then I am willing to support holding the policy rate at its current level”, offered support to Treasuries. Also, a moderation in oil price gains offered some relief from concerns over mounting inflationary pressures. Markets are currently pricing roughly a 50% probability of a Fed rate hike this month, down from around 70% earlier in the week, when a spike in oil prices heightened inflation concerns and following Fed Chair Warsh’s pledge at the Jackson Hole Symposium to keep inflation under control. Investors now await Friday’s jobs report for an update on the labour market, while the next key inflation readings are due next week.
2026-09-03