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Author Topic: Yield on two-year Treasury note hits highest level since 2007  (Read 301 times)

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Offline DefiantMassRINO

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Yield on two-year Treasury note hits highest level since 2007
« on: July 06, 2023, 04:07:58 pm »
In the Federal Reserve's bizzaro world, good news for the unwashed masses is bad news ...

https://www.ft.com/content/89dbb567-2333-4c64-9061-9c58dfd4027c
Yield on two-year Treasury note hits highest level since 2007
Strong US employment data prompts sell-off in government debt amid fears of more Fed rate rises
Kate Duguid in New York 13 minutes ago

Investors pushed the yield on the two-year Treasury note to its highest level since 2007 and dumped stocks after unexpectedly strong US employment data raised fears the Federal Reserve will be forced to keep raising interest rates.

Employment in the private sector increased by 497,000 roles last month, up from an increase of 267,000 in May and the biggest jump in more than a year, according to data from ADP. The figure was roughly double what economists polled by Bloomberg had forecast. There were major gains in the hospitality and leisure sectors, as well as in construction and transportation. ...
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Offline Smokin Joe

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Re: Yield on two-year Treasury note hits highest level since 2007
« Reply #1 on: July 07, 2023, 07:34:41 am »
Sounds like seasonal surges in employment.
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
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