Treasuries Climb After Weak ADP Data; Stocks Gain: Markets Wrap - Bloomberg

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Treasuries Climb After Weak ADP Data; Stocks Gain: Markets Wrap  Bloomberg

Treasuries rallied after weak private jobs data fueled concern the world’s largest economy may be slowing. Stocks advanced on optimism Mexican tariffs will be avoided. The 10-year bond yield slipped back below 2.1% after an ADP Research Institute report showed companies added the fewest U.S. workers since 2010 in May. The S&P 500 Index rose for a second day on speculation the Federal Reserve is moving closer to a rate cut. The Mexican peso pared losses after White House trade adviser Peter Navarro told CNN the Trump administration’s plan to impose tariffs may not have to go into effect. Inv...

https://www.bloomberg.com/news/articles/2019-06-04/stocks-in-asia-to-rally-as-fed-signals-ready-to-act-market-wrap

2019-06-05 14:05:14Z
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