10-year Treasury yield holds above 1.5% ahead of February jobs report

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The 10-year U.S. Treasury yield held above the 1.5% level on Friday, ahead of data out later in the morning showing the number of jobs added in February.

The U.S. Bureau of Labor Statistics is set to release the February employment report at 8:30 a.m. ET.49,000 in January,The 10-year yield hit 1.55% on Thursday following comments from Federal Reserve Chairman Jerome Powell about inflation. Powell said he expected inflation to rise as the economy recovers, but he thinks it will be temporary.

"We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects," Powell said during a Wall Street Journal conference. "That could create some upward pressure on prices."

 

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We know it's coming

Instead of banning books and starting wars...the big cheese needs to calm this market down! Is anyone in the driver's seat

Another blood bath today.

thanks

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