(Reuters) - NEW YORK, April 6 - U.S. government bond prices plunged on Friday in an abbreviated session, pushing benchmark yields to their highest levels in over seven weeks, after a stronger-than-expected reading on March non-farm payrolls.
The strong payrolls number suggested to investors that economic growth may not be slowing as much as originally thought, and pushed back expectations the Federal Reserve will move to cut official interest rates any time soon.
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