Treasury yields edge lower ahead of Powell comments and after ECB hikes rates
U.S. bond yields fell on Thursday as traders waited for more Federal Reserve talk and absorbed news that the European Central Bank had raised rates by 75bp.
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U.S. bond yields fell on Thursday as traders waited for more Federal Reserve talk and absorbed news that the European Central Bank had raised rates by 75bp.
Treasury bonds rebound on Wednesday a day after a sharp selloff drove yields back toward their highs from June.
Data released Friday showed the U.S. jobs market in strong shape and thus the Federal Reserve will have little compunction in continuing its rate hiking cycle.
U.S. Treasury yields move lower Friday, while Treasury curve turns less negative after the release of nonfarm payrolls data.
Treasury yields soar as traders wait for Friday's U.S. nonfarm payrolls data for August.
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