(Reuters) - NEW YORK, April 4 - U.S. Treasury debt prices climbed on Wednesday as surprisingly weak economic data made a rate cut by the Federal Reserve seem more likely and spurred investors to cover short positions prior to Friday's payrolls report.
After Tuesday's decline in Treasury prices, buyers emerged after data showed an index of U.S. service-sector activity fell to its lowest level in nearly four years in March, while a private employment report suggested March's government payrolls report was unlikely to provide any significant surprises.
Read more at Reuters.com Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment