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.

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.

Seventeen releases, one timestamp, two opposite answers. The curve split down the middle, equities agreed with the inflation print, and then 43.82% of the quarter’s final session traded in sixty minutes and took every index to its low.

Confidence missed by 7.3 points and job openings fell for a third month. The front end rallied, 20-year money got dearer anyway, and the 5-year refused to take a view. The index called it a 0.17% day. The Russell closed the quarter at its floor.

The 2-year jumped eleven basis points on Monday as the market raised its odds of another increase. Gold spot, which exists for that exact risk, fell 3.95%. Somebody is wrong.

The Dow added 479 points on Friday and 10 NYSE stocks made a 52-week high. Another 93 made a new low. The 20-year closed at September’s highest and the weekend removed the rest.