US Bonds Fall as Strong Jobs Data Undermines Fed Cut Outlook

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 at a cafe in Washington, DC.Bond traders ended the week betting that the Federal Reserve will keep interest rates steady this year, on signs of a stabilizing US labor market and uncertainty about the economic impact of war in the Middle East.Treasuries fell after better-than-expected March employment data, sending yields higher by three to four basis points across maturities in Friday’s abridged trading session. Traders erased what little remained of their wagers on Fed easing this year and trimmed expectations of a cut in 2027.