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Treasuries tumble as traders price in Fed rate hike after strong jobs data
May payrolls surged to 172,000, doubling forecasts and sending Treasury yields sharply higher as traders price in a Fed rate hike by year-end.
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irishtimes.com
US economy blew past expectations to add 172,000 jobs in May
Traders bet the Fed will have to raise rates by December
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swissinfo.ch
Stocks and Bonds Fall as Jobs Fuel Fed-Hike Bets: Markets Wrap
(Bloomberg) -- Wall Street’s historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve’s…
