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Marketmind: Data-hit bond markets end summer lull

The seeming serenity of June markets has finally been broken by summer storms as a blistering selloff in bonds snowballed following news of buoyant U.S. job creation last month that stiffens expectations for more interest rate rises. While data also showed weekly jobless claims ticking higher and job openings easing somewhat in May, the rate of job 'quits' was also up - underlining the tightness of the labor market that's making the Federal Reserve so uncomfortable about getting inflation back to 2% target. The fear at the Fed is that the wider economy is rebounding again with inflation rates still twice where it wants them. ....

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Marketmind: Markets labor on China, three jobs gauges

Marketmind: Markets labor on China, three jobs gauges
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