US Treasury Yields Rise Amid Labor Market Resilience

Treasury bonds, which are like loans the US government takes out, went down in value for the second day in a row.

This happened because new data showed the job market is still doing well, which makes people think the Federal Reserve, the group that controls interest rates, won't lower them as soon.

The number of people applying for unemployment benefits is also down.

Meanwhile, the President visited the headquarters of the Federal Reserve and mentioned he'd like to see lower interest rates.

Also, European bonds fell, too, as their central bank signaled they might not cut interest rates in the near future.