Bond Rally Fades With Rate Hikes Still in Play -- WSJ

By Sam Goldfarb

The post-jobs report rally in Treasurys didn't last long.

Treasury yields, which move in the opposite direction of bond prices, have nearly retraced their post-data declines, suggesting investors think the report wasn't quite as bad as they initially thought.

Interest-rate futures suggest traders have pushed back when they expect the Federal Reserve to raise rates rather than scrapping those bets altogether. Despite the decline in reported jobs last month, some analysts have described the data as more mixed than poor and argued that a September rate hike is still in play pending the release of upcoming inflation readings.

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(END) Dow Jones Newswires

August 07, 2026 15:32 ET (19:32 GMT)