US adds 187,000 Jobs (Podcast)
Bloomberg Surveillance
00:00
The Fed's Progress in Normalizing the Labor Market
The big change in the yield market outlook is that we're seeing the effects of normalization in the labor market. The back end of the curve is definitely a bit more challenged when you look at historic levels of five year, five year forward. And I think that's really where the market pricing is a little bit vulnerable.
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