The US employment report on Friday was strong. Bloomberg reports:
A 257,000 January increase in employment capped the biggest three-month advance in 17 years and delivered the strongest wage gain since 2008, figures from the Labor Department showed Friday in Washington. The unemployment rate rose to 5.7 percent from 5.6 percent as the prospect of finding work lured hundreds of thousands into the labor force.
US Treasuries fell following the report. The yield on the two-year note rose 13 basis points.
Commodities rose, with the Bloomberg Commodity Index adding 0.2 percent and oil rising over 2 percent.
However, stocks fell, with the S&P 500 falling 0.3 percent.
Futures traders priced in a 27 percent chance that the Federal Reserve will raise interest rates at its policy meeting in June, up from 18 percent on Thursday.
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