Treasuries Rally as Soft Jobs Data Trims Fed Rate-Hike Bets
US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve’s willingness to raise interest rates. The yield on two-year US Treasuries, which are sensitive to near-term moves in Fed monetary policy, fell as much as nine basis points on Friday to 4.15% as traders cut bets on interest-rate hikes in the…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
