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Bond traders scour US jobs data for clues on Fed’s rate plan
US bonds edged higher in early trading Friday after ending October with their worst monthly performance in two years. With the election and a Fed meeting days away, a measure of daily yield swings is at its highest in a year as traders position for further losses that could send 10-year yields as high as 4.5% over the next three weeks - compared with just under 4.3% currently.
