Treasuries' Wild Ride a Prelude to Key Jobs Report Before Fed
- Traders endure spike in volatility as Fed bets swing
- Ten-year yields touch lowest since April, then rebound
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For Treasuries traders battered by the most volatile week since February, the biggest turbulence may still be ahead as a crucial U.S. report on August employment looms.
Federal Reserve Vice Chairman Stanley Fischer said Friday that the bank hadn’t decided whether to raise interest rates next month, though he did say U.S. economic data had been “impressive.” Officials will monitor reports leading up to their meeting before making up their minds, he said on CNBC.