Treasuries Slump as Strong US Labor Data Resets Fed Cut Bets
Treasuries slumped after stronger-than-expected US employment data prompted traders to pare their expectations for Federal Reserve interest-rate cuts this year.
By Ye Xie, Miles J. Herszenhorn ยท Bloomberg Markets
Treasuries slumped after stronger-than-expected US employment data prompted traders to pare their expectations for Federal Reserve interest-rate cuts this year.