Friday, July 10, 2020 / by Erik Bjorklund
Econ Data Causing Bonds to Reconsider Commitment to Super Low Yields
Bonds haven't been interested in econ data because none of it has had the ability to tell much of a story. Today's ADP Employment report is arguably an exception as it was staggeringly stronger than expected. Other data surprised to the upside, stocks set more multi-month highs, and bonds suddenly find themselves on the run.