February 5, 2016
Treasuries declined as a report showed U.S. wage growth quickened in January even as the economy added fewer jobs than expected. The yield on the benchmark 10-year note rose after the Labor Department said the U.S. created 151,000 jobs last month.
Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient labor market that's causing wage growth to stir.
Nomura Asset Management Co. stopped accepting investments into some money-market funds, joining 10 other managers in suspending such accounts as the $14.1 billion industry grapples with the negative interest rates introduced by the BoJ last week.
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