in all fairness, bonds doing what bonds do and offering that safety valve, F2Q bid when risk is in OFF mode ... at least thats initial take still just now going through some of the days shenanigans!!
Hard to escape the data and I get it’s like driving car looking in rear view mirror … hard to ignore and feds late. NEEDS some help from inflation and current data mixed. By time it becomes obvious already too late.
If the Employment numbers were so strong....why are 10yr yields down...
Even after an abysmal auction......4.128%
in all fairness, bonds doing what bonds do and offering that safety valve, F2Q bid when risk is in OFF mode ... at least thats initial take still just now going through some of the days shenanigans!!
Steve, please give me your take on the NFP and that Annual Revisions.
Do you believe unemployment bottomed last year and we're on the upswing or just muddling along??
The Revisions were brutal.
Hope it will improve, but there are some strong headwinds, which I don't think the FED fully appreciates.
Hard to escape the data and I get it’s like driving car looking in rear view mirror … hard to ignore and feds late. NEEDS some help from inflation and current data mixed. By time it becomes obvious already too late.