Treasuries Stay Lower Ahead of Employment Report
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Treasuries were little changed before data that economists said will show U.S. added more than 100,000 jobs for a fourth month, the Labor Department’s last employment report before the Nov. 6 presidential election.
U.S. government debt handed investors a 0.6 percent loss in the three months through yesterday, according to Bank of America Merrill Lynch indexes, as demand for the safety of debt waned. The jobless rate, calculated differently from the number of positions gained or lost, rose to 7.9 percent from 7.8 percent, based on Bloomberg News surveys of economists. Two reports yesterday showed improvement in the U.S. labor market.