January ’s strong jobs report lifted bond yields. Why’s that?

The number of jobs the economy added in the first month of 2023 blew past most analysts’ wildest expectations: 517,000, according to the U.S. Bureau of Labor Statistics. Surveys show economists were expecting less than half that, and the bond market did something almost instantly on the news —…#jakejolly #markcabana #simonharvey #monexeurope #harvey #federalreserve #markzandi #moodysanalytics #marketplace

Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news