The Dip That Didn't Last

The weak jobs report sent the ten-year Treasury yield down to 5.155% on Friday morning. By the close it was back up at 5.26%, because investors worried that a Fed that hikes less leaves inflation hotter. Traders see a 78% chance the Fed holds in October, and still expect a December hike.

On the morning of the weak September jobs report the ten-year Treasury yield fell to 5.155%, but by the close it was back up at 5.26%, because investors worried that a Fed that hikes less leaves inflation hotter; traders see a 78% chance the Fed holds in October and still expect a hike in December.

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