Relevant:
- U.S. job growth accelerates in June, wages continue to lag (NEVERMIND ADP!)
- Yellen Leads Fed in Retreat as Reasons for Rate Hikes Fade
- U.S. Home Prices Likely Dropped at Slower Rate
- Dollar Falls on August Jobs Report; Fed September Rate Rise Probability Crashes By Half
- Housing Starts in U.S. Rose in January, Permits Fell
2015-11-06 — bloomberg.com
Yields on two-year Treasuries rose to the highest since May 2010 after the Labor Department said the nation gained 271,000 jobs last month, following an increase of 137,000 in September. The median forecast in a Bloomberg News survey of economists was for an addition of 185,000.
"At least in the near term everyone's going to be positioning for a December rate hike and perhaps another one in the first quarter," said Richard Schlanger, who helps invest $30 billion in fixed-income securities as vice president at Pioneer Investments in Boston.
This will hold up exactly until the market crashes (again).
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