Treasuries tumble

Posted by 7Star Sunday, March 7, 2010

US Treasuries fell sharply on Friday in their worst sell-off in nearly a month, after better-than-expected jobs data fuelled economic recovery hopes and worries over Federal Reserve rate hikes. Bonds hit the skids after the government said US employers shed 36,000 jobs in February, far fewer than the 50,000 analysts expected.

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