Bond Traders Set Up for Jobs Data With Iran War Still Main Focus

Bond traders torn between growth and inflation concerns are setting up for a key read on the US jobs market, even as the continuing hostilities in the Middle East remain the center of attention.

The data is expected to show a moderate rebound in hiring last month and an unchanged unemployment rate. It’s a steady picture that would likely do little to alter expectations for Federal Reserve interest-rate policy, with investors more focused lately on events in Iran and the surge in oil prices.