Economy

US Treasury yields stay the market's focus even after a soft jobs report

After September's nonfarm payrolls — the number of new jobs outside farming — rose by just 29,000, well below expectations, the 10-year Treasury yield briefly fell to a low of 5.16%.

Despite that reaction, traders are still watching the bond market as the main indicator to track this week.

For beginners Bond yield is the rate a government pays investors for borrowed money; it rises or falls with inflation expectations and central-bank policy, affecting borrowing costs across the economy.