(Bloomberg) — The Treasury market pared a steep weekly advance after strong October employment data revived wagers on a Federal Reserve interest-rate hike next month.
The US midterm elections earlier this week sparked declines for shares of large US technology companies and oil prices that fueled gains for US government bonds, sending yields to the lowest levels since early September. That move stalled Friday as the stock market stabilized and the jobs data further challenged forecasts of an economic slowdown.
