(Reuters) - NEW YORK, June 1 - U.S. government debt prices
slid on Friday, sending benchmark yields to 9-1/2-month highs,
after strong jobs and manufacturing reports all but
extinguished market expectations for a Federal Reserve interest
rate cut this year.
In see-saw trade, the market initially posted small gains
as a muted core inflation reading briefly helped offset the
negative impact on bonds of higher-than-expected job creation
in the nonfarm payrolls report.
Read more at Reuters.com Bonds News
slid on Friday, sending benchmark yields to 9-1/2-month highs,
after strong jobs and manufacturing reports all but
extinguished market expectations for a Federal Reserve interest
rate cut this year.
In see-saw trade, the market initially posted small gains
as a muted core inflation reading briefly helped offset the
negative impact on bonds of higher-than-expected job creation
in the nonfarm payrolls report.
Read more at Reuters.com Bonds News
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