Treasury Yields Rise As Traders Bet On Strong Employment Growth, Thursday, July 05, 2007 8:45:25 AM
Treasury bonds saw selling in the first few minutes of Thursday`s session. Returning to work after the July Fourth holiday, traders took bets that Friday`s employment report will come in above expectations. This was encouraged by economic news released during the morning. Meanwhile, raised rates out of the UK reinforced the belief that the markets are facing a higher rate environment around the world.Payroll processor ADP announced that its June employment report indicated that non-farm payrolls would rise 150,000 for June. The report is seen as a precursor to the government employment report, due out on Friday.
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posted by Kalin Tasev @ 6:24 AM
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