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Bloomberg Quint
2w
177
Image Credit: Bloomberg Quint
Bond Traders Scrap Bets On July Rate Cut After Strong US Jobs Data
- Treasuries fell as strong jobs data led to abandonment of rate cut bets.
- Shorter-term Treasuries plummeted, with yields rising; dollar also strengthened.
- Fed unlikely to cut rates in July, traders shift focus to potential September move.
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