Hirings Increase
While the unemployment rate rose in January, Labor Department revisions showed job gains in November and December were higher than previously reported.
Gary Cohn, president of Goldman Sachs Group Inc., said demand for debt may fade.
“Am I concerned that we could be in a bond bubble sometime in the future? Yes, I’m concerned,” Cohn said this week in a Bloomberg Television interview in Hong Kong. “At some point, it’s not going to be the best market to be invested in.”
The difference between yields on 10-year notes and same- maturity Treasury Inflation Protected Securities, a gauge of trader expectations for consumer prices over the life of the debt, was 2.55 percent. The figure compares to the average over the past decade of 2.19 percent and the current inflation rate of 1.7 percent as measured by consumer prices.