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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Simply not coming back. Markethe back of a labor surprise in treasury yields, drifting higher. That is the call you are looking for. Lets start with the jobs number and what it means for the policy effort in washington. I think the number is a sigh of relief. The markets were trying to get jittery going into friday, not knowing how bad or good the numbers would be. This is clearly a step in the positive direction. What this means for policy is yet to be seen, still a lot of bickering going on between the house and senate. If anything, in some respects i would argue that the good payroll number argues for congress to pass another deal to support the economy. A lot of the positive momentum we have seen in the last three months is because of fiscal stimulus. Treasury yields higher by eight basis points on the 30year. This is something that you are looking for. Thender how independent sweetener is of the next move down in washington . Subadra i think they are all closely tied to each other ....

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