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Treasuries Slide After Strong Jobs Data Lift Fed Hike Wagers
Source: Bloomberg
Economic DataInterest Rates & YieldsMonetary PolicyCredit & Bond Markets
US Treasuries declined after August job growth beat forecasts, supporting expectations of a higher Federal Reserve path. Traders reportedly increased the odds that the Fed will raise rates later this month, pressuring Treasury yields. The move is meaningful for bond investors given the direct link to near-term rate expectations.
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