U.S. bond market rallies on big slowdown in private-sector jobs growth

The U.S. Treasuries market resumed its rally on Wednesday with two-year yields hitting their lowest since December 2017 in the wake of a report that showed private domestic jobs growth decelerated in May to its weakest level in over nine years.

Senior Fed officials have acknowledged those risks could derail the economic expansion, which this summer could become the longest in history. Ten-year Treasury yields were down 1.90 basis points at 2.102%, hovering near their lowest since September 2017.

globeinvestor I wouldn’t worry to much their last quarterly GDP growth was 3.2% and Canada’s was 0.1% and the two previous months were under 0.4% as well - Canada is basically in a RECESSION why not report on that? Or does that look bad for Trudeau

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. bond market rally carries on after best month since 2011U.S. bond market rally carries on after best month since 2011 GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »

Bond traders swap phones for new technology as market catches upBond traders swap phones for new technology as market catches up GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »

Legal hemp opens the door for U.S. cannabis companies to jump ship and list on big stock exchangesExpect an exodus of hemp companies from the CSE, which has been the main beneficiary of TMX’s policy of not listing U.S. pot companies
Source: nationalpost - 🏆 10. / 80 Read more »