(Bloomberg) -- The most dangerous time for the Treasury market this month will be when the U.S. issues employment data on Friday, if February and March are any guide.

Benchmark 10-year yields jumped 14 basis points on Feb. 6 and 13 basis points on March 6, when the last two reports fueled bets the economy was getting strong enough to withstand higher interest rates. With yields moving inversely to prices, those dates mark the steepest declines in the world’s biggest bond market during the past eight weeks.

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