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5/5/2017, 3:21 PM (Source: TeleTrader)
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Treasuries mostly flat after jobs report

United States government bonds were almost flat on Friday as investors seemed to have shrugged off the better-than-expected increase in nonfarm payrolls in April and focused instead on the faltering wage growth and its implications for future interest rate hikes. Nevertheless, the market-assigned probability that the US Federal Reserve will raise the cost of borrowing at its June meeting jumped to 83.1% from 75% recorded yesterday, according to Fed funds futures data at the CME Group.

The yield on 10-year Treasuries edged up 0.37 basis points to 2.3578% at 3:01 pm CET, while the yield on two-year bonds climbed 1.63 basis points to 1.3222%. The yield on 30-year debt was up by 0.16 basis points at 2.9999% at the same time.

Across the Atlantic, the yield on 10-year German Bunds, a benchmark for the Eurozone, climbed 1.4 basis points to 0.408%, whereas the yield on British gilts of the same maturity advanced 0.3 basis points to 1.119%.

Breaking the News / IB