FoundationMultiple choice
US payrolls come in far stronger than expected, with no change in inflation data. What is the typical first reaction?
- ATreasury yields fall as investors buy bonds in anticipation of stronger growth
- BYields rise, led by the front end, and the dollar strengthens
- CNothing, because a single data release carries no information about policy
- DThe dollar weakens because a stronger economy attracts less foreign capital
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