Class CNBC Interview 3/2/23
March 2, 2023Class CNBC Interview 3/3/24
March 3, 2023Treasury yields rise ahead of weekly jobs data, with the 10-year firming above 4%, at 4.046%, and the two-year inching closer to 5%, at 4.921%. Analysts polled by WSJ expect 195K job claims and any number lower than that could push yields even higher, as investors might see it as another sign that labor markets remain too hot for any hopes of easing monetary policy. The 10y-2y inverted spread reaches 0.875 percentage point, a level that is “a clear indication of recession ahead,” Spartan’s Peter Cardillo says in a note.