Bonds Higher

Lower than expected job growth gave the bond market a boost on Friday

Treasuries were boosted higher on Friday afternoon, after a disappointing job growth data, released in the morning. The NonFarm Payroll report showed job growth was lower than expected at 146,000, and was taken as a sign that inflation is under control, according to MarketScope. Bonds also got a boost from Greenspan who told a London conference a confluence of market pressure and fiscal restraint may dampen the U.S. current account deficit in coming months.

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