Friday, May 4, 2007

TREASURIES-Bonds climb on weaker-than-expected jobs data

(Reuters) - NEW YORK, May 4 - U.S. Treasury debt prices rose on Friday after weaker-than-expected data on non-farm payrolls potentially set the stage for the Federal Reserve to cut benchmark interest rates before the end of the year.

A total of 88,000 jobs were added to the U.S. economy in April, the slimmest increase in more than two years. Economists had forecast 100,000 new jobs for last month. For details see [ID:nN04315765].


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