Key facts
- Treasuries retreated from near their best levels of the past month.
- Labor market data released this week supported expectations of a Federal Reserve rate hike.
- This is the first of three labor-market reports to be released this week.
Treasuries saw their gains diminish as recent labor market data reinforced the view that the Federal Reserve may opt for another interest rate increase. This development comes as the market digests the first of three significant employment-related reports scheduled for release this week, influencing investor sentiment regarding future monetary policy.