Treasury Yields and Dollar Climb as Stocks Retreat Following U.S. Jobs Data

Yields, dollar rise, stocks ease after solid US jobs report

US job growth data boosted Federal Reserve rate hike expectations. Treasury yields and the dollar strengthened after the positive jobs report. Major US stock indexes and global stocks experienced a broad selloff. Oil prices rose due to renewed attacks in the US-Iran war. Investors now await inflation data before the Fed's September decision.