Treasuries Finish Mixed

The strong payrolls report hurt shorter-dated Treasuries and lessened chances for an interest-rate cut. But the less-sensitive, longer-dated issues finished with panache amid weaker stocks

Treasuries rounded out the week on solid footing after volatile ride on Friday following the key payrolls report. While September payrolls sank 43,000, the upwards revision in August and still-lower unemployment rate at 5.6% made the report on aggregate less friendly to bonds than rumored. Disappointment lingered on the front-end to the close, though it too was led higher by a strong recovery in the long-end thanks to event risk and weaker stocks.

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