Treasuries Are Little Changed Before U.S. Labor Market Report
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Treasury 10-year notes were little changed, with yields at the highest in more than a week, before a government report forecast to show the U.S. jobless rate increased and payrolls expanded at a faster pace last month.
U.S. government securities still outperformed German bunds as a report showed Germany’s factory orders declined more than economists predicted in August, boosting demand for U.S. assets. The yield spread between 10-year notes and inflation-linked bonds was set to complete the second biggest weekly gain this year as inflation expectations rose.