September produced 29,000 jobs and revisions removed 60,000 from July and August. The two-year closed five basis points higher. We try to work out what the front end thinks it knows.
...September delivered 29,000 jobs, unemployment of 4.2%, and revisions that removed 60,000 from July and August. The two-year Treasury responded by closing five basis points higher.
...My bear’gasm lasted the morning, again, and we are being spun around once more. SPX is back inside the range, NFP could be fireworks or sput sput fizz, crude oil has locked in a first profit, and BTC looks like it wants to join the party.
...The 2-year closed 10 basis points lower and the 30-year conceded 3. The index rose. Underneath it, 180 NYSE issues marked themselves down to a year’s low.
...The S&P 500 rose 0.1949% whilst 180 NYSE issues hit fresh 52-week lows, the most of the 70 sessions since 24 June. The relief landed 10 basis points at the front of the curve and 3 at the back.
...Tag n Turn swings are back bearish, GEX has flipped negative with a huge node at 7650, crude builds a V at the range lows, and Bitcoin sits sulking between 82k and 86k.
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