Last week was pretty volatile for the bond market, however rates didn’t move all that much when all was said and done. Last week we had the Fed meeting, where the Federal Open Market Committee maintained interest rates at current levels and did not signal any imminent rate cut discussions. That said, bond bulls pushed down yields on the 10 year down to 3.84% on Thursday. Friday’s jobs report came in much stronger than expected, and that pushed bond yields back up above 4%, which was pretty much where the market began the week.
The Weekly Tearsheet: A volatile week for bonds
The Weekly Tearsheet: A volatile week for…
The Weekly Tearsheet: A volatile week for bonds
Last week was pretty volatile for the bond market, however rates didn’t move all that much when all was said and done. Last week we had the Fed meeting, where the Federal Open Market Committee maintained interest rates at current levels and did not signal any imminent rate cut discussions. That said, bond bulls pushed down yields on the 10 year down to 3.84% on Thursday. Friday’s jobs report came in much stronger than expected, and that pushed bond yields back up above 4%, which was pretty much where the market began the week.