10-Year Yield Falls

Meanwhile, the jobs report -- which indicated that overall employment has been weaker than expected -- caused long-term rate indicators to edge downward Friday morning and raised questions about whether federal officials would continue to raise short-term rates.The long-term rate-indicative 10-year Treasury yield, which had stood just below 4.2%, fell to about 4.0% Friday morning, Yahoo! Finance reported. Steve Stanley, chief economist at RBS Greenwich Capital, said "it will be extremely interesting to get the Fed's take" on the economy in view of the new data. Mr. Stanley said he believes the decrease was weather-related and temporary, but noted that during this economic recovery there has been "considerably less confidence in the economy."