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Bonds Surge After Soft Jobs Data Raises Pressure on Fed to Cut

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A rally in US Treasuries escalated Friday after a report showed weak job-creation in July, further stoking wagers that the Federal Reserve will cut interest rates aggressively this year.

Bloomberg News

Marcus Wong, David Finnerty and Sydney Maki

Published Aug 02, 2024  •  Last updated 2 hours ago  •  3 minute read

The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Tuesday, June 25, 2024. Photographer: Ting Shen/Bloomberg
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Tuesday, June 25, 2024. Photographer: Ting Shen/Bloomberg Photo by Ting Shen /Bloomberg

(Bloomberg) — A rally in US Treasuries escalated Friday after a report showed weak job-creation in July, further stoking wagers that the Federal Reserve will cut interest rates aggressively this year.

The Fed policy-sensitive two-year yield slid as much as 31 basis points to 3.84%, the lowest in…

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