Rates Dream of Green Christmas With Help From The Fed
Bonds Ultimately Shrug Off Stronger Jobs Data
Today saw a fairly impressive round trip for rates following the stronger-than-expected jobs report. The initial reaction was clear and unsurprising. NFP (and especially wages... recently mentioned by Powell) came out higher and rates immediately jumped. Stocks also tanked on the news because both sides of the market were trading the Fed outlook. After the initial convulsion, bonds gathered their composure and began the long slog back to unchanged levels by the 3pm CME close. Today's video discusses a few ways to rationalize that, but ultimately, we would not feel the need to rationali
Sorry, the comment form is closed at this time.