Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

Stocks and bonds tumbled on Friday, as investors’ worries over the scale of government borrowing were amplified by signs of stubborn inflation, extending a sharp rise in borrowing costs for consumers and companies.Stronger-than-expected data on the labor market released on Friday has intensified concerns that the economy continues to run at a solid pace, stoking inflation fears and dampening expectations of further rate cuts by the Federal Reserve.The yield on the 10-year U.S. Treasury note,..