Bond Traders’ Risk-Filled Day Kicks Off With Key US Jobs Report

Bond traders are on guard for an especially volatile Friday as a pivotal US jobs report and a potential Supreme Court ruling on President Donald Trump’s tariffs threaten to jolt the Treasuries market out of its doldrums.

First up is the 8:30 a.m. Washington time release of December employment figures, a highly anticipated report seen as finally giving a reliable reading on the economy after weeks of data affected by the government shutdown. The figures will either cement expectations that the Federal Reserve will hold steady this month, or boost the view that a fourth straight interest-rate cut is possible. ...