THE IMMEDIATE REACTION OF THE US RATES MARKET TO THE JOBS REPORT IS TO TAKE YIELDS UP ACROSS THE WHOLE CURVE.
IT IS NOW FULLY PRICING IN A FED RATE HIKE BY THE END OF THIS YEAR.
What changed
IT IS NOW FULLY PRICING IN A FED RATE HIKE BY THE END OF THIS YEAR.
(BLOOMBERG DATA BELOW.)
#ECONOMY #MARKETS #FEDERALRESERVE #BONDS HTTPS://T.CO/AWANTCOKQN — VIA @ELERIANM
Why it matters
Yields rose across the curve, and the market now fully prices a 2023 Fed rate hike.