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Wage Data That Drove Treasury Rout in February Loom for Bonds

From bloomberg.com

For investors who predict 2015 will be a losing year in the $12.6 trillion Treasury market, Friday is a good candidate for the next move lower. The U.S. is scheduled to issue its monthly employment report, and a Bloomberg News survey of economists projects job gains topped 200,000 for a 12th time. After the previous round of payroll figures on Feb. 6 came in stronger than analysts forecast -- along with a surge in wages -- Treasuries suffered their biggest rout in a year and a half. “I’m relatively bearish on the Treasury market,” said Hajime Nagata, who invests in Treasuries for Tokyo-based Diam Co., which has ... (full story)

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