Today's Word Is Yield

Today's word is yield. Professor Wobble: the ten-year yield rose to five point two eight one percent, even after a weak jobs report. Bitsy: why up? Professor Wobble: markets still expect a Fed hike; Goldman's base case says December. Mort: or this month, if energy prices climb; her words. Brought to you by the word yield.

A weak jobs report did not end the Fed's hiking cycle in the bond market's eyes: by the close on October 2 the ten-year yield was up almost 5 basis points at 5.281% and the two-year, the most Fed-sensitive, up 5 at 4.839%, and while traders put a 77% chance on an October hold, a Goldman Sachs bond chief says one more hike in December remains her base case and that market pressure and higher energy prices could force the Fed's hand in October too; one investment chief calls the path 'higher for longer'.

Starring

PipProfessor WobbleBitsyMort