Economic TimesLean R·
US Treasury yields fall as jobs report dashes hike bets
U.S. Treasury yields saw a drop on Friday following an unexpected decline in July's job numbers. Traders subsequently lowered their predictions for an interest rate hike from the Federal Reserve in the upcoming September meeting. While the unemployment rate dipped, labor participation faced a decline, coupled with slower wage increases. This shift in the jobs market could indicate a shift towards a more dovish stance from the Federal Reserve.
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