Traders See Almost No Chance of Fed Cut This Month After Data

Treasuries fell and traders nearly wiped out their bets that the Federal Reserve would cut interest rates later this month after the unemployment rate for December fell more than expected...

By Michael MacKenzie · Bloomberg Markets

Treasuries fell and traders nearly wiped out their bets that the Federal Reserve would cut interest rates later this month after the unemployment rate for December fell more than expected and offset a softer headline jobs gain.