Interest Rates Spike Again on Unemployment News

Posted by Editor Money Talks

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This morning’s employment report looked good enough on the surface to rekindle talk of an end to the Fed’s debt monetization program. U.S. employers added a robust 195,000 jobs in June and many more in April and May than previously thought. So traders began their day by dumping bonds. The 10-year Treasury yield is up by over 8% in early trading, to almost 2.7%. The chart below shows they are now dumping stocks too.

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