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Bond traders expect the Federal Reserve to continue to raise interest rates, although employment growth is expected to slow. The US Department of Labor's employment report estimates that about 90,000 new non-farm payrolls were added in September, which is roughly in line with the monthly average so far this year. Analysts say that the threshold for the job market to become a catalyst for the rise in the bond market is actually very high; if the employment data falls far short of expectations, investors will close some of their bets, and the current round of gains may continue.
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Bond traders expect the Federal Reserve to continue to raise interest rates, although employment growth is expected to slow. The US Department of Labor's employment report estimates that about 90,000 new non-farm payrolls were added in September, which is roughly in line with the monthly average so far this year. Analysts say that the threshold for the job market to become a catalyst for the rise in the bond market is actually very high; if the employment data falls far short of expectations, investors will close some of their bets, and the current round of gains may continue.
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