The market is taking a liking to this morning’s jobs report. The economy added 110,000 jobs in September, slightly higher than the 100k consensus. More importantly, last month’s decline of -4000 jobs was revised to a gain of +89,000.This type of job growth is still below trend for a growing economy, but it is much better than the bears had feared, and not indicative of an economy on the brink of recession.The bond market agrees, and yields on the 10-year are up this morning to 4.61%. But this is still below the fed funds rate of 4.75[...]
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[Source: The Money Blogs]
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