Wall Street stocks fall after US jobs report smashes expectations

Quick Summary:

The robust jobs figures sent US government bond yields rising across the spectrum.

Bank of America went further on Friday, saying the “gangbusters” jobs reports suggests “the cutting cycle is over”.

The 10-year gilt yield rose to 4.85 per cent, 0.02 percentage points higher on the day, but below the 16-year high of 4.93 per cent hit earlier this week.

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Article Details

Author / Journalist: James Politi

Category: MarketsFinanceInvesting

Markets: United States

Topics: Bank 2025 Cent Figures Rate Government Interest November Yields Jobs Climbed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 17:54:30 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 846 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25046130

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

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News Last Updated: 10 hours ago

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