U.S. Treasury yields declined, extending Thursday’s moves in the wake of mixed signals from the delayed September jobs report.
“The September jobs data was better than expected, potentially reinforcing fears that the Fed is hawkish,” Global X’s Scott Helfstein said in a note.
“We continue to believe that is overdone, and the Fed is concerned about the labor market amid slowing inflation,” the ETF firm’s head of investment strategy said.
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