Treasuries Finish Higher

Fedspeak and the jobless recovery data boosted gains ahead of Friday's employment report

A trio of dovish Fedspeakers in combination with more solid data helped the Treasury curve steepen sharply Thursday, with just a day to go before key monthly payrolls data. A blistering revised second-quarter productivity surge of 6.8% and jump in jobless claims back above 400,000 molded images of a jobless recovery, while robust 1.6% factory orders gain in July and firm ISM Services index at 65.1 shaped expectations of the recovery gathering steam.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.