Issue link: https://www.epageflip.net/i/8635
8A – Daily News – Saturday, April 3, 2010 Furniture Depot NO 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Sale* NEW YORK (AP) — The biggest increase in jobs in three years pushed interest rates to their high- est level since before the worst days of the credit cri- sis in 2008. With the stock market closed for Good Friday, investors had a shortened day of trading in the bond market to react to the Labor Department’s report that employers added the most jobs in March since before the recession began in December 2007. Treasury prices fell after the report, sending their yields higher. Bond prices tend to fall as investors’ confidence grows and demand for safe-haven investments wanes. The yield on the 10- year Treasury note rose to 3.94 percent from 3.87 percent late Thursday, its highest level since last June and the latest sign of confidence that the U.S. ●●●●●●●●●●●●●●●●●●● Thru Wed. March 31, 2010 *”no sales tax” in reference to discount given equal to the amount of calculated sales tax. Job gain pushes up rates Wall Street economy is recovering. The yield on the 10-year note is tied to many kinds of consumer loans. The increase could raise bor- rowing costs for mortgages and other debt. Chik Quintans, a certi- fied mortgage planner at Atlas Mortgage Inc. in Lynnwood, Wash., said rates have gone up follow- ing the jobs report. The rate on a 30-year fixed mort- gage Friday was 5.125 per- cent, up from 4.875 late Thursday. Less than two weeks ago, the rate was about 4.75 percent. Barclays Capital Research called the increase in hiring by pri- vate employers ‘‘solid.’’ It was an unusual day for investors, with the biggest economic news of the month coming out on a holiday for stock markets Come see us at the Children’s Fair on April 24th Recently expanded and moved near Bidwell Elementary License # 525405817 My qualifications include: B.A. in Elementary Education and experience teaching grades K-8. Accepting state pay programs & cash pay, etc. (530) 209-8743 ★★ Barber Shop $ Cheers ! 600 ★ Senior Cuts Open 6 days 9-6 570-2304 259 S. Main St. Tractor Supply Center AMERICAN SELF-STORAGE 64 Mulberry Ave., Red Bluff • 527-1755 • Fully Fenced • Onsite Manager • Well Lit Property website: www.americanselfstorage.biz • RV & Vehicle parking now available $ 25 $ $ 1ST COUPON THREE MONTHS 8x10 units only Special rates on all unit sizes per month $ $ EVENTS GUIDE COMMUNITY Online 24/7 @ www.epageflip.net/issue/8501 in U.S. and Europe. Stock futures contracts rose in an abbreviated ses- sion of electronic trading. U.S. investors will get their first taste of how the upbeat report will drive stocks when trading in Asia begins late Sunday. Dow Jones industrial average futures and Standard & Poor’s 500 index futures each rose about 0.3 percent. The yield on the 10- year note is approaching 4 percent, a level that hasn’t been seen since October 2008, just before the finan- cial crisis peaked. The 10- year’s yield went as high as 4.09 percent that month, before plummeting as low as 2.06 percent in Decem- ber 2008 as the credit crisis erupted and investors poured money into bonds as they cut back their expo- sure to risk. Friday’s trading was the closest the yield has been to 4 percent since June, when it reached 3.96 per- cent. The Labor Department said employers added 162,000 jobs in March. Economists had forecast an increase of 190,000 jobs. The dollar rose as confi- dence increased about the U.S. economy. The ICE Futures US dollar index, which measures the dollar against six currencies, rose 0.6 percent.