- US Treasuries sold off after stronger-than-expected August payroll growth, with yields rising across maturities.
- The two-year yield led the move with an eight-basis-point gain to 4.416%, while the five-year yield reached 5.58%, its highest level since January 2025.
Quotes
“US Treasuries fell after US job growth topped forecasts in August, prompting traders to nudge up expectations that Federal Reserve officials raise interest rates later this month.”