Numbers of the Day: 665.75 and 2.852
The Debt

Numbers of the Day: 665.75 and 2.852

REUTERS/Lucas Jackson

The Dow Jones Industrial Average fell almost 666 points, or about 2.5 percent, on Friday after the monthly payrolls reports showed employers added 200,000 jobs in January — and annual wage growth was the highest since 2009, raising expectations of higher inflation.

The yield on the 10-year Treasury climbed to 2.852 percent, its highest level in four years.

“It feels as though the grand era of interest rates below 3 percent will soon be in the rear-view mirror,” Mike Terwilliger, a portfolio manager for the Resource Credit Income Fund in New York, told Reuters.

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