Checking Bonds After the Big Jobs Beat
The bond market has reacted severely to today's big jobs beat: The 10-year Treasury is down 1 point (or up 11 basis points in yield) as I write. Most of the move is in real rates, as 10-year Treasury inflation-protected securities (TIPS) are up 10 basis points in yield.
This release brings up almost as many questions as it answers, so in today's column, I'm going to give you what I believe should be the key questions coming out of today's figures, as well as my answers....845 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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