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The first increase may come as soon as subsequent month, policymakers signaled in late January. That jobs quantity hugely beat expectations and bonds immediately reacted. Treasury notes jumped larger to 1.ninety percent, the best Carrer News since December 2019. As Jeanna stated, the wage data (+5.7 p.c 12 months over year) sets up price hikes. Two-year U.S. yields are up nine foundation factors, to 1.29 p.c, a stage not seen since Feb. 2020.