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Treasury Traders Bet on Gains Ahead of Jobs Report

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Bond traders are preparing for further gains in the Treasury market ahead of the October employment report, as expectations for additional Federal Reserve interest-rate hikes continue to fade.

A global stock selloff following the US midterm elections has pushed investors toward the safety of US bonds this week, driving yields to their lowest levels since early September on Thursday. The 10-year Treasury rate stood at 4.82% on Friday as the equity rout deepened.

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