Friday, April 6, 2007

TREASURIES-Bonds plunge on strong March non-farm payrolls

(Reuters) - The strong payrolls number suggested to investors that economic growth may not be slowing by as much as originally thought and pushed back expectations the Federal Reserve will move to cut official interest rates any time soon.

The government said 180,000 U.S. non-farm jobs were added in March, topping the consensus Wall Street expectation of adding 120,000, and above the upwardly revised February gain of 113,000. For details see [ID:nN05191151].


Read more at Reuters.com Bonds News

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