On Another Note
A chronicle of the whims and fancies of the beast called the Bond Market!
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- Sep 6, 2026
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Was this the least important NFP of our lives? :)The sharp algorithmic reaction to the payrolls beat is a reminder that markets have not yet come around to the fact that in an environment of low labor force growth, payrolls will swing wildly month to month. Read this article from the Fed for more color on this: Labor force growth, breakeven employment, and potential GDP growthKnowing all the ways to measure the health of the labor mark
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