Long-Term U.S. Bond Yields Approach 10-Month Highs Ahead of Non-Farm Payrolls Report

Long-term U.S. Treasuries fell sharply this week amid signs that the U.S. economy remains solidly growing.

Yesterday, the 10-year and 30-year Treasury yields reached their highest level in nearly 10 months.

Tim Waterer, chief market analyst at KCM Trade, said any surprise uptick in the labor market could help keep the possibility of a further quarter-point rate hike from the central bank open.

The current market may be satisfied with the 200,000 jobs added in July, but if we happen to see this number close to 250,000 or higher, then US bond yields and the dollar may rise further.