Trading Desks Roar as Job Gains Send U.S. Yields to 2015 Highs
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A roar erupted across the Cantor Fitzgerald LP trading floor in midtown Manhattan after the stronger-than-forecast May employment report sent bond traders scampering.
Treasuries tumbled, pushing 10-year yields to the highest since October, after the U.S. economy added more jobs than anticipated, fueling speculation the Federal Reserve may raise borrowing rates as soon as September.