Treasuries Trim Losses as Traders Reload December Rate-Cut Odds
- Market braces for big data week led by jobs and Powell speech
- Fed’s Waller boosts odds for a December rate cut back to 70%
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US Treasuries pared Monday’s early losses, with sentiment boosted late in New York after a key Federal Reserve official left the door open to more easing later this month.
Traders began an important week of economic data on the defensive and yields peaked for the session ahead of data that showed ISM manufacturing activity beating forecasts, but with the prices component coming in weaker than expected.