Bonds Rally as Weak Jobs Report Dims Fed Rate-Hike Expectations

U.S. Treasuries rallied after a weaker-than-expected jobs report, leading traders to cut expectations for Fed hikes in the coming months. The data shift is effectively dovish for rates, pulling yields lower and supporting bond prices as market positioning adjusts.

Analysis

U.S. Treasuries rallied after a weaker-than-expected jobs report, leading traders to cut expectations for Fed hikes in the coming months. The data shift is effectively dovish for rates, pulling yields lower and supporting bond prices as market positioning adjusts.