 If those reports show a cooling or easing of the labor markets, it could be bad news is good news. I could increase hope that interest rate cuts might be coming sooner rather than later. But again, Treasury yields spiked today ahead of the employment reports. The three months is up from 5.35% to 5.36%. The two-year gain from 4.72% to 4.78%. The five-year is up from 4.33% to 4.45%.