US Bond Yields End Week Higher as Traders Prep for Trio of Risks
- Elections, auctions and Fed rate decision loom next week
- Weak-but-distorted jobs data supported bets on Fed rate cut
This article is for subscribers only.
Treasury yields are ending the week higher as traders unwind their positioning in anticipation of risks tied to the election, a likely interest-rate cut and a three big debt auctions in the US.
Yields climbed across the curve on Friday, reversing an early decline that came after data showed the economy generated just 12,000 jobs last month amid storms and strikes. Longer-dated yields led the advance in New York afternoon trading, while a key gauge of the dollar headed for its strongest closing level since July.