U.S. government debt prices rose Thursday morning, as risk-on sentiment faded on Wall Street after two sessions of strong gains.
The move higher for bond prices, a so-called safe haven, matched a move lower for stocks on Thursday morning. Equities have been surging this week on the back of dovish comments from Fed Chair Jerome Powell.
However, short-term U.S. government debt yields slumped on Wednesday after a gauge of private employment showed a sharp contraction in job creation in the month of May.
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