Summary Box: A weak jobs report gave traders confidence the Fed will soon start buying bondsBy AP
Friday, October 8, 2010
Summary Box: Treasury rates slip on jobs report
JOBS REPORT: The Labor Department said the economy lost 95,000 jobs in September. The unemployment rate stayed at 9.6 percent.
WAITING FOR THE FED: The labor report looked better than Wall Street expected, but it still painted a bleak picture of the country’s economy. Bond traders expect the Federal Reserve will try to give the sluggish recovery a boost in the coming weeks.
TREASURY TRADING: Most Treasury yields edged lower. The two-year note yield slipped to 0.35 percent.