TREASURIES-US yields skid to multi-week lows after softer-than-expected jobs data

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Jun 17, 2007
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U.S. Treasury yields tumbled to multi-week lows on Friday after data showed the world's largest economy created fewer jobs than expected last month, reinforcing expectations that the Federal Reserve will start cutting interest rates later this year. Bowman also said she remains willing to raise the fed funds rate at a future meeting if data showed inflation has stalled or reversed.
 
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