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07.08.26 - 21:01
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Treasuries Rally as Soft Jobs Data Trims Fed Rate-Hike Bets (Bloomberg)
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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 coming months. The moves were pared later in the New York trading session as oil rose, though the two-year yield remained about four basis points lower on the day near 4.20%. We get reaction from Tom Tzitzouris, Head of Fixed Income Research at Baird Strategas. (Source: Bloomberg)...
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