Treasury Yields, Dollar Rise on Labor, Activity Data

Fresh U.S. data suggest the Fed may not need to hurry monetary easing, triggering a bonds selloff and sending Treasury yields and the dollar higher.

Weekly jobless claims fall to 231,000 from an upwardly revised 264,000. Economists surveyed by WSJ expected 240,000. September’s Philadelphia Fed activity survey surprises on the upside.

The data comes after the Fed cut interest rates for the first time this year, indicating more easing to come. Odds of an October cut are priced at 88%, CME data show.