【Market Trend】Stocks rose after weak US employment data, but a wave of bond selling continued
#USStocksCloseHigherOnWeakJobsData
After the data was released, Treasury yields first fell and then rose. Nonfarm employment came in below expectations; expectations for Fed rate hikes declined. A surprise employment report lowered expectations for short-term rate hikes, but it failed to move longer-term yields—Wall Street’s real anxiety has shifted from the next rate hike to a more pressing question: if borrowing costs refuse to fall, how long can the economy hold up?
$TMF 😊😊😊😊😊😀😀😀😀😀😉😉😉😉😉
#USStocksCloseHigherOnWeakJobsData
After the data was released, Treasury yields first fell and then rose. Nonfarm employment came in below expectations; expectations for Fed rate hikes declined. A surprise employment report lowered expectations for short-term rate hikes, but it failed to move longer-term yields—Wall Street’s real anxiety has shifted from the next rate hike to a more pressing question: if borrowing costs refuse to fall, how long can the economy hold up?
$TMF 😊😊😊😊😊😀😀😀😀😀😉😉😉😉😉