Bonds Bloodied By Strong ADP Report |
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July 08, 2011 |
July 2011 Bond Updates
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The major catalyst in government bond markets has come not in response to the outcomes of various central bank meetings in Europe, but instead from the United States where a private report showed an unusually robust reading of jobs growth. Government bond yields marched higher but more notably so in the world’s largest economy with dealers now hopeful that the underlying anemic tone to the labor market will suddenly improve in an official government report on Friday.
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View more at: http://blogs.forbes.com/greatspeculations/2011/07/08/bonds-bloodies-by-strong-adp-report/
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