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Stocks, Treasuries See Jobs-Driven Selloff Sputter: Markets Wrap

  • US hiring and wages top forecasts, keeping pressure on Fed
  • Evans sees interest rates heading to slightly higher peak
Bloomberg business news
US Jobs Report, Market Relief Rally: Markets Live
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Stocks and bonds faced a lot of instability, with a hot jobs report fueling bets the Federal Reserve will keep tightening even if officials downshift the pace of hikes this month.

A surge in Treasury 10-year yields fizzled out, while two-year rates -- which are more sensitive to imminent Fed moves -- remained higher. The S&P 500 almost erased a slide that earlier topped 1%. The dollar wavered.