Why are interest rates rising at one end of the yield at the same time falling on the opposite side? With more recession data coming in all the time, starting with payrolls, it seems as though there should be a uniform response from the marketplace. But that's not how steepening works.

Eurodollar University's Money & Macro Analysis

Washington Post
House Passes Bush Tax Cut
https://www.washingtonpost.com/archive/politics/2001/03/09/house-passes-bush-tax-cut/99152799-f156-414f-82c4-bed4fca05bb3/

Time ‘The Worst Is Over’
https://time.com/archive/6917914/the-worst-is-over/

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

October payrolls were exceptionally weak, yet LT rates jump? With more rate cuts from the Fed basically assured, questions swirl around the Treasury selloff having many people wondering if there is a 'Trump trade' going on here. The answers are right there in front of us.

Eurodollar University's conversation w/Steve Van Metre

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

This isn't about October or hurricanes. Government just confirmed jobs market is in big f-ing trouble.

Eurodollar University's Money & Macro Analysis

BLS Employment Situation October 2024
https://www.bls.gov/news.release/archives/empsit_11012024.pdf

CNN Messy October jobs report muddied by strikes and storms ahead of Election Day
https://www.cnn.com/business/live-news/us-jobs-report-october-11-01-24/index.html

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU