Bonds Slide After Jobs Data Curb Rate Cut Bets: Markets Wrap.

Treasury yields increased and stocks rebounded after strong jobs data raised doubts about the timing and extent of potential interest rate cuts by the Federal Reserve. The Nasdaq 100 fluctuated, while Apple Inc. experienced a dip after a downgrade due to concerns about iPhone inventory levels. The S&P 500 rose slightly after a three-day selloff. Ten-year Treasuries continued to decline as the yield approached 4% following data showing increased hiring by US companies in December and lower-than-expected jobless claims. Traders adjusted their bets on Fed easing in response to the data. [Extracted from the article]