Source: US Dept. of Treasury End of Day
• Interest rates moved higher last week with the 2-year Treasury note yield rising by 14 basis points to 4.05% while the 5-year Treasury note rose by 16 basis points to 4.13%.
• The labor market added 139 thousand workers to payrolls in May, beating forecasts in a sign that the job market remains firm despite gradually slowing.
• The prior two months of non-farm payrolls were revised down by a combined 95 thousand workers and labor force participation fell to a 3-year low of 64.2%.
• The week brings the first look at May’s inflation numbers with CPI out on Wednesday and PPI on Thursday where economists anticipate a slight uptick resulting from newly implemented tariffs.
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