Supply concernsLonger-dated Treasury yields rose anew on Friday but shorter-term government bonds declined after the US non-farm payroll report. Analysts said the data was solid enough to keep the Fed on track to raise interest rates in its March meeting — or sooner. The yield on benchmark 10-year Treasury notes was last at 1.7673%, up from 1.7461% before the payroll data. Spot gold stood at US$1,795 an ounce, up slightly on the day after touching a two-week low of US$1,788.25 on Thursday, as rising US Treasury yields hurt demand for the non-interest bearing metal. Bitcoin was last down about 3% at US$41,896 after touching US$40,938, its lowest since Sept 29, as the payroll data fuelled some bargain buying.

Source: The Edge Markets January 08, 2022 12:33 UTC