If the latest U.S. payrolls report wasn’t strong enough to rattle the bond bulls, this week’s inflation data may do the trick.
Employers added an above-forecast 209,000 workers in July and the jobless rate matched a 16-year low. Bank of America Corp. said the report had “everything you could ask for” and Jefferies LLC dubbed it “rock solid!” Yet even as 10-year Treasury yields rose Friday, they still ended the week lower, as traders looked to this week’s inflation data as a better barometer of whether the Federal Reserve can hike again in 2017.
