Bonds & Stocks
Stocks wiped out gains and bond yields fell after the latest jobs figures showed a labor market that continues to moderate. S&P 500 futures dropped 0.2%. The yield on 10-year Treasuries declined five basis points to 4.23%. The Bloomberg Dollar Spot Index fell 0.3%.
Economy
US job growth steadied last month while the unemployment rate rose — a mixed snapshot of a job market hanging on the balance of quickly changing government policy. Nonfarm payrolls increased 151,000 in February after a downward revision to the prior month, according to a Bureau of Labor Statistics report out Friday. The unemployment rate rose to 4.1%.
World
US President Donald Trump wrote this week to Iran’s leadership urging the country to negotiate a new nuclear deal, days after it emerged that Tehran’s atomic activities have surged.