World Economy

Warning Shot

Warning ShotWarning Shot

The worst jobs report in more than a year was a warning shot across the economy’s bow and not a direct hit, the Treasury market decided, Bloomberg said. US 10-year notes dropped the most in a month this week as a decline in jobless claims and a jump in oil prices renewed confidence in the resilience of the US economy. Reports next week are forecast to show retail sales and core inflation rose last month, adding further evidence that the payrolls miss on April 3 was an outlier. The benchmark 10-year note yield ended the week at 1.95 percent, a rise of 11 basis points, or 0.11 percentage point, according to Bloomberg Bond Trader data.