Bloomberg Surveillance · Friday, September 4, 2026
The August US jobs report, showing 162,000 jobs added, caused a significant market reaction. The 10-year Treasury yield rose to 4.80%, described as a seismic move. Equities also moved lower, with S&P 500 futures turning negative.
“This is a wow report. With the wild market move, equities move south as well. We don't have a VIX number yet. But in the yield space, we have a seismic move. Damien, I looked at the 10-year out to 4.80%. And it's just simply price down and yield up.”
“So, this in breaking news, Treasury's tumbling after August job creation tops estimates.”