US added only 29,000 jobs in September, yet the 10-year Treasury yield climbed to 5.28%.
The disconnect is telling: weak employment data failed to push borrowing costs down. Bond markets are signaling that inflation pressures and fiscal concerns now outweigh Fed narratives about economic slowdowns.
One takeaway from traders: park capital in scarce assets that can't be printed away.
The disconnect is telling: weak employment data failed to push borrowing costs down. Bond markets are signaling that inflation pressures and fiscal concerns now outweigh Fed narratives about economic slowdowns.
One takeaway from traders: park capital in scarce assets that can't be printed away.