2-year Treasury yield extends rise after popping higher following Friday's jobs report

The 2-year Treasury yield rises Monday, after jumping at the end of last week following a stronger-than-expected April jobs report.

The 2-year Treasury yield was on the rise early Monday, after jumping at the end of last week following a stronger-than-expected April jobs report.

Investors... The 2-year Treasury yield was on the rise early Monday, after jumping at the end of last week following a stronger-than-expected April jobs report. Investors have largely priced in expectations for the Federal Reserve to leave rates unchanged at its next policy meeting in June after delivering its 10th consecutive hike last week. Fed Chair Jerome Powell said incoming data would determine the central bank’s next move. Fed-funds futures show traders see a 92.6% probability the Fed will leave rates unchanged in June, but continue to price in rate cuts by year-end.

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