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Central banks weigh December rate increases as US jobs data firms

Strong US labor data raised bets on a Federal Reserve rate hike. Wage growth backs a Bank of Japan move in December, and two Polish policymakers see a December rise as an option.

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Economy ·

US Treasuries slipped after strong labor market data lifted bets that the Federal Reserve could raise interest rates. Treasuries are bonds issued by the US government.

Economy

In Japan, strong wage growth supports a move higher by the Bank of Japan in December.

US 10-year Treasury yield, the past month

4.86%down −7.86%

5.28%4.84%7 Oct6 Nov

Economy

In Poland, two policymakers said a rate rise in December is an option. Taken together, several central banks are discussing higher borrowing costs for the final month of the year.

US 10-year Treasury yield4.86%down −7.86%over 1 month
5.28%4.84%7 Oct6 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

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Dollar in yendown −0.02%1 month
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US 10-year Treasury yield, Dollar in yen

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Photo: Unknown author, Public domain, via Wikimedia Commons

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