Source: US Dept. of Treasury End of Day
• Interest rates fell dramatically late in the week with the 2-year Treasury note yield falling by 23 basis points to 3.70% while the 5-year Treasury note decreased by 20 basis points to 3.76%.
• The July jobs report was unexpectedly weak with only 73 thousand workers added to payrolls versus a median forecast of 105 thousand.
• The report also revised down the prior two months by a significant 258 thousand while the unemployment rate ticked up to 4.2% from 4.1%.
• The jobs data was released two days following the July FOMC meeting where the Fed left interest rates unchanged for a fifth consecutive meeting.
• Click the link below to read more.
