Bloomberg Surveillance · Friday, September 4, 2026
Following the release of stronger-than-expected August jobs numbers, Treasury yields experienced a significant upward movement, indicating a sell-off in the bond market. The market reaction suggests increased anticipation of a Federal Reserve interest rate hike in September, as the robust employment data provides the Fed with leeway to continue its tightening cycle. This move caused yields on both short-term and long-term Treasuries to rise.
“So, this in breaking news, Treasuries tumbling after August job creation tops estimates.”
“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. price down and yield up.”
“Two-year yields, seven basis points higher yield, a 4.41% on the two-year yield. Is this report Waller-friendly?”