Bonds Higher

Treasuries closed higher Thursday on month-end retail buying, before Friday's Nonfarm Payroll report

Treasurys closed higher Thursday before tomorrow's Nonfarm Payroll report, which could determine just how much and when Fed tightens credit in near futures, according to MarketScope. Some economists lowered their Nonfarm forecasts after today's jobless claims data and Tuesday's consumer confidence report. The market gave up some earlier gains on stronger than expected Chicago PMI report. But the market is being propelled by early reports of a stable core PCE deflator and month-end retail buying, according to Informa.

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