Salient to Investors:
Christopher Sullivan at United Nations Federal Credit Union said we have settled at higher yields as the market is suspicious of low bond yields when risk assets are rallying – the market is focusing more on positive indicators of moderate strength than negative numbers.
Thomas di Galoma at Navigate Advisors said the jobs figure indicates the engine is revving, but the car is going nowhere, and number has tempered the feeling that rates need to rise substantially.
Bill Gross at Pimco said unemployment is a long time away from 6.5 percent, so sell long-term bonds, own 5-7 yr maturities.
David Ader at CRT Capital said we are still muddling along, and the data buys the Fed more time to act.
Free email alerts of articles as soon as they are posted.