Market Commentary

[Adam in CO]

U.S. Treasuries were little changed after a government report showed the economy created fewer jobs in April than economists forecast. The Labor Department data bolstered the view that U.S. economic growth is slowing, led by declines in housing. Traders may increase bets the Federal Reserve will cut interest rates this year. The yield on the benchmark 10-year note was little changed at 4.67 percent at 8:38 a.m. in New York, according to bond broker Cantor Fitzgerald LP. The price of the 4 5/8 percent security due in February 2017 increased 2/32, or 63 cents per $1,000 face amount, to 99 21/32. Yields move inversely to prices.

The 88,000 increase in employment follows a revised 177,000 gain in March. The median forecast in a Bloomberg News survey of 85 economists was for a gain of 100,000 jobs.

The only thing certain about that is that the fed will sit on its hands.

[bparker]

Dont forget that the elections are around the corner and they always lower the interest rates around election time

Originally Posted by bparker

Dont forget that the elections are around the corner and they always lower the interest rates around election time

That would be nice.