Stocks and bonds faced a lot of instability, with a hot jobs report fueling bets the Federal Reserve will keep tightening even if officials downshift the pace of hikes this month.
A surge in Treasury 10-year yields fizzled out, while two-year rates -- which are more sensitive to imminent Fed moves -- remained higher. The S&P 500 almost erased a slide that earlier topped 1%. The dollar wavered.
