(Bloomberg) -- U.S. two-year Treasury notes headed
for their sixth straight weekly drop on speculation a jobs
report today will indicate the economy is quickening after a
first-quarter slowdown.
The notes fell as a rally in stocks and gains in consumer
confidence and business activity led traders to trim bets the
central bank will cut interest rates this year. A sixth weekly
loss would be the longest losing streak since 2005 for the notes,
among the most sensitive to Federal Reserve rates.
Read more at Bloomberg Bonds News
for their sixth straight weekly drop on speculation a jobs
report today will indicate the economy is quickening after a
first-quarter slowdown.
The notes fell as a rally in stocks and gains in consumer
confidence and business activity led traders to trim bets the
central bank will cut interest rates this year. A sixth weekly
loss would be the longest losing streak since 2005 for the notes,
among the most sensitive to Federal Reserve rates.
Read more at Bloomberg Bonds News
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