Solid job growth, sharp wage gains sends Treasury yields up by the most in months

Solid job growth, sharp wage gains sends Treasury yields up by the most in months

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Friday’s official job report spurred a bit of a rethink about how quickly the Federal Reserve can cut borrowing costs, and pushed Treasury yields up by more than any time in months. The readjustment of expectations sent the policy-sensitive 2-year rate BX:TMUBMUSD02Y up by 16 basis points to…

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