Macro Finance
US Bonds’ Election Rally Skids to Halt After Strong Jobs Data
Bloomberg Markets·November 6, 2026·1 min read
The Treasury market pared a steep weekly advance after strong October employment data revived wagers on a Federal Reserve interest-rate hike next month. The jobs report showed robust hiring, prompting investors to reassess the likelihood of tighter monetary policy, which sent bond prices lower and yields higher, ending the election-driven rally.
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