Move Over Greece: For Treasuries Traders, Today Is About the Fed
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For Treasuries investors, Thursday is all about the Federal Reserve.
The Labor Department will say U.S. employers added more than 200,000 jobs for the 15th time in 16 months in June, economists predict, backing the case for higher interest rates as early as September. Those prospects pushed Treasuries to their worst performance since 2013 last quarter, and sent 10-year yields to the highest in a month versus German bunds. Treasuries fell, after declining on Wednesday amid optimism Greece is moving closer to a deal with creditors that would end months of tense negotiations.