Stocks and Bonds Flip: Nonfarm Payrolls Spark Rate Cut Expectations, 10-Year Treasury Yield Soars
Just as investors were questioning their long-held strategy of one of the most popular bond market plays, it suddenly came back to life.
Just as investors were questioning their long-held strategy of one of the most popular bond market plays, it suddenly came back to life.
In last week's surprise, a softer-than-expected jobs report led to a surge in rate cut expectations, pushing up yields on longer-term government bonds and sparking a buying frenzy.
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