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Unemployment Rate As Expected
03/10/2017
Treasury prices hovered near unchanged overnight as investors awaited today’s Employment Report. The results were better than expected as nonfarm payroll increased +235k vs forecasts of +200k. The Unemployment Rate was in-line with expectations of a dip to 4.7% and the labor participation rate edged slightly high to 63.0%. After Wednesday’s surprisingly strong ADP report, investors seem to be taking this release in stride with treasury prices ticking up modestly in response. Looking ahead to next week, the calendar includes a few significant data releases but investors will be focused on Wednesday’s FOMC Meeting. Currently, the 10yr yield is at 2.585%.
