, Columnist
Banks Throw Markets a Curveball
Signs of banking distress are jolting bonds and adding to the litany of worries for investors figuring out where the US economy is at.
Is the jobs market beginning to cool?
Photographer: Allison Joyce/BloombergThis article is for subscribers only.
To get John Authers' newsletter delivered directly to your inbox, sign up here.
The economic data for January were unbelievably strong. So strong, in fact, that many didn’t believe them. With the imminent publication of the US employment report for February, all kinds of theories are about to be put to the test. They may require the drastic repricing of the bond market that has taken place in the last month to be undone.