Global Market Today: Asian stocks rise, Treasuries fall after strong US jobs data

The Treasuries dropped with the yield on the 10-year bond rising to 4.18% as traders pared bets on interest-rate cuts by the Federal Reserve this year following the jobs numbers. The latest data showed 130,000 roles added in January, twice the median forecast, as money markets priced in the Fed’s next cut in July, from June previously.The moves signaled that for now, strength in the US economy counterbalances the desire for lower borrowing costs, supporting risk sentiment that has itself taken a battering ...