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Bond traders pile into Treasuries; bet that Fed hike won't quash rally

US government debt rallied on Friday, driving longer-term yields to the lowest this year after mediocre jobs data

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Published Sun, Jun 4, 2017 · 09:50 PM

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    New York

    BEFORE heading into the darkness of the Federal Reserve's blackout period, bond traders loaded up on Treasuries.

    US government debt rallied on Friday, driving longer-term yields to the lowest this year, after Labor Department figures showed payrolls and average hourly earnings rose in May by less than estimated.

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