Treasuries Rise After Jobs Report as Fed December Rate Odds Fade

Investors in Treasuries are breathing a sigh of relief after the April employment report pushed out the consensus for when the Federal Reserve begins raising interest rates.

U.S. government bonds gained after the Labor Department reported for a second month that the economy added fewer jobs than forecast. A second day of price gains is helping to soften the losses rung up during the past two weeks amid a global selloff in fixed-income securities. A futures-based measure shows December as the first time the Fed is likely to increase rates.