The Bond Buyer - Jobs data snaps muni, UST momentum

"A very strong NFP print at plus 353,000 makes it easier for the Fed to hold on to higher rates," noted Giuseppe Sette, president of Toggle AI. "With employment at 3.7% close to historic lows, the cycle is healthy and in full swing. Until and unless the economy manifests signs of weakness, rates might remain higher for longer than the market expects."

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