[Study found that 90% of the increase in U.S. bond yields was concentrated in the window of employment data and speeches by Federal Reserve officials] September 23rd, a study found that over the past six years, most of the increases in U.S. benchmark Treasury yields occurred in the three-day window before and after the release of the non-farm payrolls report and speeches by important Federal Reserve officials. Economists including Paul Beaudry, a professor at the Vancouver School of Economics at the University of British Columbia in Canada, Paolo Cavallino of the Bank for International Settlements, and Tim Willems of the Bank of England found that since August 2020, about 90% of the increase in the nominal yield on the 10-year U.S. Treasury note occurred in just a few days before and after these events.