Shares of telecommunications companies were flat as traders hedged their bets on the outlook for rates.
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Defensive sectors such as telecoms and utilities have typically thrived when rate expectations are declining.
Treasurys bounced around after reports of weaker-than-anticipated jobs and wage growth, suggesting traders didn’t believe the data changed the Federal Reserve’s calculus.
Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
September 01, 2017 17:10 ET (21:10 GMT)