Increase in UST Yield Hits SUN Market. Market participants responded negatively to the increase in the UST10Y yield. Yesterday, the UST10Y treasury yield hit 1.61%, as investors began to believe that the Fed will start planning a tapering of asset purchases, despite last week’s declining employment data. The September employment report released on Friday showed non-farm payrolls rose by 194,000 last month. This figure is far below the estimated 500K increase in September.
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