MACRO
Surprisingly Strong Hiring Sends Bond Yields Higher
Surging U.S. job growth shattered investors’ expectations in the latest sign of accelerating economic momentum, stoking a brisk bond market selloff and sending longer-term borrowing rates to new 16-year highs.
Employers added 336,000 jobs in September, the strongest gain since January and up sharply from the prior month’s upwardly revised 227,000 gain, the Labor Depart...

n