Bond yields edged higher ahead of a critical report on the state of the U.S. labor market, as traders also continued to assess how the Federal Reserve will react to turmoil from regional banks.
What’s happening
What’s driving markets
The 2-year bond yield slumped 21 basis points on Thursday after the latest bout of regional bank jitters, which saw PacWest Bancorp’s stock cut in half. But longer-term bond yields were not as pressured, with the 10-year yield sliding only 5 basis points.
The…
