Friday's Employment Report Could Actually Be More Important For Fixed Income Investors
- Although it DOES matter what tomorrow’s employment report will signal for the economy when it comes to the stock market…it DOESN’T matter for the bond market. Whether it signals lower inflation OR higher odds of a recession…it will be bullish for the bond market either way…if (repeat, IF) it’s something that pushes the 10yr yield below 3.8% in any significant manner.
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