Quote:
Originally Posted by pwd72s
Dunno if the fed dropped the overnight rate, but bond rates are down. Currently, the 5 years pays 1.85%, the 10 year 2.08%. Not sure on the jobs report, but I'll assume Tabs is accurate.
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75k when 180k were expected. And the 3 month rate is...2.3%..more interest for 3 months than 10 years of risk...hmmmm
Powell says, "The FED will be closely monitoring the economy and will take the appropriate action. " That is comforting to know.
"1.75% by years end for the 10 year" some think it will push all time lows in the 1.3% range.
It is rather perverse to think that bad economic tidings drive the sp higher. That is Alice In Wonderland. So the question becomes what is wrong with this picture? What fuels that rational and makes it operative?