NEW YORK — Stocks rose in many of the markets worldwide that were open on Good Friday, while Treasury yields rallied after a report showed U.S. employers added hundreds of thousands more jobs last month than economists expected.
The U.S. bond market was open for an abbreviated session, and the yield on the 10-year Treasury climbed to 1.72% from 1.68% late Thursday. It’s been rising sharply this year on expectations that a supercharged economic recovery and higher inflation are on the way due to COVID-19 vaccinations and massive spending by the U.S. government. The yield began the year close to 0.90%.
In Asia, stocks in Tokyo, Seoul and Shanghai
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