Analyzing the November jobs report released Friday morning, Commonwealth Financial Network CIO Brad McMillan spotlights the 10-year Treasury yield (^TNX) as a key metric to watch. He explains how yields have climbed on assumptions of imminent interest rate cuts by the Fed and expected economic slowdowns. However, stronger-than-expected hiring data challenges that narrative. McMillan believes the report signals economic acceleration rather than slowdown. Consequently, McMillan expects Treasury yields will face upward pressure after pricing in future economic data prints. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Comments from Bank of Japan Governor Kazuo Ueda has traders thinking the central bank will be raising rates, ending it's longtime negative rates policy. Omar Aguilar, Schwab Asset Management CEO & CIO, joins Yahoo Finance to discuss the Japanese economy and how it may impact US investors directly. Aguilar comments on the BOJ ending their current policy: "It puts pressure on global yields for sure. I think competition for bonds will be there and therefore puts more pressure on US bonds. It clearly provides a very nice potential for a Yen appreciation going forward, because on the flip side as the Bank of Japan is trying to raise rates, we see the rest of the central banks potentially cutting rates so that provides a little bit of a tailwind for an appreciation of the currency in Japan. At the same time, it would potentially put a floor into the potential outperformance of Japanese stocks." Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.
(Bloomberg) -- Treasury yields climbed as solid readings on both jobs and consumer sentiment bolstered speculation that bets on Federal Reserve rate cuts next year may have gone too far.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesHunter Biden Indicted in Tax Case as White House Woes MountThe Record Rush to Buy a Rolex or a Patek Philippe Is OverElon Musk's SpaceX Valued at $175 Billion or More in T