The Hike Is Not Over

The city of Ledgerville, where weak jobs didn't tame the yields: the ten-year at five point two eight one percent. Mayor Pennywhistle: weak jobs, surely rates fall now! Dash: the two-year rose too, markets still price hikes. Pop: Goldman's base case, one more in December. Zap: or this month, she says, if energy climbs. One investment chief calls it higher for longer.

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

🎙️The AnnouncerMayor PennywhistleDashPopZap