18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,614 Blog Posts

Big Payrolls Beat; Bond Yields Are Rising Again

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%.

It’s Friday. We had a good week. Take profits.

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