Interest Rates Are Spiking

Markets are making some big moves after this morning’s awesome June jobs report.

Of note is the bond market where the 10-year Treasury note yield surged to as high as 2.66%, from around 2.55% ahead of the report.

This is the highest level since August 2011.

Here’s a look at 10-year note futures. Remember, bond prices fall when yields rise.

10 year

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