US Treasuries Rally as Soft Jobs Data Trims Fed Rate-Hike Bets

US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve’s willingness to raise interest rates.

By Greg Ritchie and Michael MacKenzie · Bloomberg Markets

US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve’s willingness to raise interest rates.