The Day Ahead: AM Edition 2022-08-05
The NFP doesn't disappoint by bringing volatility back
Bonds
The strong numbers this morning have bond traders thinking that rate hikes are back on the menu. There is initial support at 140^16 today that may provide a bounce to around 141^16 to 141^31 at which point we find out how serious the bears are. Too early to have a strong opinion on form but I’m giving bears the benefit of the doubt with a possible …
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