Apparently, adding 250k jobs to the economy is bad news, since it means the Fed is going to ruin things with more rate hikes. Understand where we are now on the narrative, with the Fed posing as a risk to the market. Moreover, traders are presently obsessed with the 10yr bond and believe all hell will break loose if it gets to 3.25% again.
Right now we’re at 3.17%.
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