Friday, June 2, 2023

NFP 339K

Economy going strong despite fed rates going from zero to 5,  plus the talk is about skip or pause.

It's the trillions of dollars of stimulus which is still going thru its multiplier effect.
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10Y dropped under 5p ..

As French 10Y go higher than US ..! Both are right indicating slower growth from here; addionally, Crude near 100 is not helping ..!