Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

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  Wall Street stocks fall after US jobs report smashes expectations

  Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cuts
  
  Financial Times - 2h

• Strong December job growth could augur fewer Fed interest-rate cuts

  Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
  
  CBS News - 3h

• 30-year Treasury yield briefly breaks 5% after strong December jobs report

  Yields on 10- and 30-year U.S. government debt looked to be on track for their highest levels in more than a year on Friday after December payroll data came in stronger than expected, reducing ...
  
  MarketWatch - 5h
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  Falling Chinese bond yields signal concern with deflation

  Investors expect price pressures to become entrenched in world’s second-largest economy
  
  Financial Times - 16h

• Investors are on edge as Friday’s jobs report could make or break the stock-market rally

  Rising Treasury yields are ratcheting up the anxiety for equity investors. Thursday’s stock-market closure offered only a brief reprieve from the mounting tension.
  
  MarketWatch - 1d
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  Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

  Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises
  
  Financial Times - 1d

• Stocks appear ‘rate sensitive once again’ as bond yields press higher

  Rising interest rates in the bond market seems to be weighing on stocks, as investors wait for an upcoming U.S. jobs report and for Wall Street banks to kick off corporate earnings season.
  
  MarketWatch - 3d
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  Saints interested in Chiefs OC Matt Nagy as candidate for head-coaching job, per report

  Nagy was also the Bears' head coach for four years
  
  CBS Sports - 5d

• Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts

  Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.
  
  CNBC - Jan. 3

More from The New York Times

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  Economists Are in the Wilderness. Can They Find a Way Back to Influence?

  Economists have long helped to shape policy on issues like taxes and health care. But flawed forecasts and arcane language have cost them credibility.
  
  The New York Times - 10h
• 

  Constellation Energy to Buy Power Producer Calpine

  Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity in part by the technology industry’s investments in artificial intelligence.
  
  The New York Times - 1h
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  China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

  The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.
  
  The New York Times - 6h
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  R. Nicholas Burns, U.S. Ambassador, Says China Is Aligned With ‘Agents of Disorder’

  R. Nicholas Burns, the top U.S. diplomat in Beijing, says the Biden administration is making a final push to urge China to reconsider its tilt toward Russia, Iran and North Korea.
  
  The New York Times - 3h
• 

  Can Low Unemployment Last Under Trump?

  Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.
  
  The New York Times - 1d

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