Today’s jobs numbers were very, very strong! Nonfarm payrolls rose by 2.5 million after last month’s loss of 20.7 million. What was most impressive about today’s report was that economist forecasts had called for a 7.5 million loss in payrolls. It is truly a great thing to see our labor market and economy starting to pick up steam faster than expected.
At the moment, bond yields are moving up sharply – as they should be.
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