<a href="https://mishtalk.com/economics/the-bond-market-is-suddenly-more-concerned-about-jobs-than-inflation/">Authored by Mike Shedlock via MishTalk.com,</a>

The long bond verdict is finally in. Jobs and growth outweigh inflation.

The trend on the 10-year treasury note and the 30-year long bond are back in sync. Both are headed lower.

The discrepancy resolved to job weakness over inflation concerns, but Powell will be cautious unless there is a collapse.

The long bond verdict is finally in... Jobs and growth outweigh inflation.
{ai:summary}Shedlock: growth beats inflation in the long-bond verdict. Treasuries: 2y+ yields rose Aug 5–21; 30y pain Aug 21–Sep 2, then rally. Sep data: ISM weak; JOLTS unemployment above openings; ADP weak; payrolls disaster. 10y/30y lower; jobs weakness outweighs inflation; Powell cautious. #economy

The Bond Market Is Suddenly More Concerned About Jobs Than Inflation

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