Bonds Inch Up As Market Braces For Nov. Job Report
Posted on December 06, 2012 at 17:52 PM EST
Treasury prices rose Thursday with benchmark yields hovering at three-week lows ahead of government data that will likely show slower job creation last month due to business disruption caused by Superstorm Sandy. The bond market was again supported by the Federal Reserve's purchases of Treasuries, a pillar of its current monetary policy as it tries to lower historically high unemployment. The ongoing budget standoff in Washington has underpinned