February Jobs Report
Net job gains 275K, higher than the 200K expected.
Hourly wage gains 0.1%, lower than 0.2% expected.
The two-month payroll revision, though, shows a 167,000 loss
The Unemployment rate rose to 3.9%
The 10-year treasury yield, which started at 4.09 is at 4.05
Yesterday, Powell indicated – Fed ‘not far’ from confidence to cut rates