The Traderszone Network

Published in TZ Latest News 9 January, 2015 by The TZ Newswire Staff

Treasuries Rise; Wage Drop May Delay Fed Rate Hikes

Treasuries rose after a government report showed wages unexpectedly declined in December, sparking speculation the Federal Reserve will take a slower pace with interest-rates increases. Two-year note yields fell to a three-week low as futures showed a 50% probability of a Fed rate increase by September, down from 57% Thursday, after the Labor Department said average hourly earnings of workers dropped 0.2%.

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