Last week, the bond market had a very tough week, along with other interest rate sensitive securities. As an example, the widely watched 10 Year Treasury Note yield increased .30% to 2.4%. Additionally, other bond markets around the world have also been weak lately, such as the 10 Year German Bund which has increased from a yield of nearly zero to almost 1%. The Employment report last Friday certainly was stronger than expected and thereby gives the Federal Reserve the green light to raise rates in September.
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Market in a Minute 2015-6-9