Friday’s bond market sell-off was likely precipitated by a strong non-farm payroll report for January which showed 200k new jobs as well as a positive December report.  Adding to inflation concerns was the report’s reading on wages, which grew at an annual 2.9% rate.  The Fed left interest rates unchanged after last week’s FOMC meeting, but their statement pointed to inflation risk in 2018.  They also noted that consumer spending was “solid” (versus their former description of “moderate”).

Click here to read more

Leave a Reply

Your email address will not be published. Required fields are marked *