S&P up 0.52%

The US stocks are opening higher after the better than expected US employment report.

  • The S&P indexes up 0.56%
  • The NASDAQ composite index is up 0.71%
  • The Dow industrial average is up 0.76%

In the US debt markets, yields are higher on expectations that the Fed will now be tempted to tighten in September.

  • 2-year note yield 0.6962%, +5 basis points
  • 10 year note yield 1.5419%, +4 basis points

Honestly, the pop in yields seems somewhat contained. Yields are still below peak levels.