Jobs Data Helped Bond Market Come Back to Earth

Updated from 10 a.m. EST.

Bond prices fell furiously Friday, reversing a good deal of Thursday's rally after a report showed that U.S. labor conditions tightened, and wage growth accelerated, in January.

The session also marked a partial return to normalcy after several days of turmoil in the bond markets. Although the market is still rife with signs of illness (like the inverted yield curve), its ability to sell off in the face of strong economic data was, in some ways, seen as a relief for Wall Street.

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