Bond Market’s Favorite Yield-Curve Trade Fired Up From Jobs Data
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Workers on the assembly floor an airplane manufacturing facility in Renton, Washington.Bond traders loaded up wagers on a popular strategy favoring short-end Treasuries over longer-dated debt after an unexpected uptick in November unemployment added to mixed signals clouding the outlook of the US economy. The gap between 2- and 30-year yields widened the most in over four years on Tuesday, reflecting ongoing expectations of at least two more Federal Reserve interest-rate cuts next year against a backdrop of resilient inflation and solid economic growth.