10-year Treasury yield ticks higher despite weaker-than-expected jobs report

{ "title": "10-Year Treasury Yield Rises 5 Basis Points to 5.281%", "summary": "The 10-year Treasury yield rose nearly 5 basis points to 5.281% on Friday despite an unexpectedly weak September jobs report. This came after the yield initially fell, likely due to job additions of only 29,000, far below the Dow Jones prediction of 84,000. Unemployment also ticked up to 4.2% from 4.1%. Other yields increased as well, with the 30-year Treasury yield adding 3 basis points to 5.634%, and the 2-year Treasury yield, sensitive to Federal Reserve actions, rising by 4 basis points to 4.831%."

, "Traders now see a 77% probability that the Federal Reserve will hold rates steady in October, though a December hike remains likely. Analysts like Timothy Chubb of Girard Advisory Services and Lindsay Rosner from Goldman Sachs Asset Management suggest that while the Fed may pause in October, the rate hiking cycle might not be over. Rosner noted that soft employment data argues against a tightening labor market."