Are Bonds in the Driver's Seat? with Jared Dillian
Real Vision: Finance & Investing
00:00
The Fed's Obsession With the Labor Market
The labor market is the one piece of data that has political significance for the Fed. I don't think they really want to cause job losses, like not going into an election year. So usually in these situations, it makes sense to play the long end of the curve just by 10s and get the duration - 4.1%.
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