Monthly wage growth remained moderate, with average hourly earnings rising 0.2%, following a similar improvement in August. In the 12 months to September, salaries rose 4.2%, after advancing 4.3% in August.
“The total number was much higher than expected, but hourly wages are cooling,” said Peter Cardillo of Spartan Capital Securities in New York. “This calls into question whether or not the Federal Reserve maintains monetary policy.”
The yield of the benchmark 10-year bonds operated at 4.887% and that of the 30-year notes at 5.053%, both at highest levels since 2007.