Technical pressure sapped the euphoria out of Friday's Fed ease, but the news gave dealers some strength to meet issuers' final year-end rush on the primary this week.

Nonfarm jobs erased recent gains, plunging 241,000 in November, the Labor Department reported. The Federal Reserve responded by easing monetary policy at midsession.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.