1048 ET - The 10-year Treasury climbs back to 4.5% territory as fresh data bolster bets on a hawkish Fed. January jobs report showed a small decline on unemployment and firmer-than-expected earnings, while the University of Michigan confidence index fell unexpected to 67.8, its lowest level since June. Inflation expectations in the survey jumped to 4.3% from 3.3%. Markets are pricing 53% odds that the Fed will cut only once, or not at all, this year, according to CME data. That's up from 42% yesterday. The 10-year is at 4.506% and the two-year at 4.281%. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
February 07, 2025 10:48 ET (15:48 GMT)
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