Maris Research

Treasuries Steady As Investors Await U.S. Jobs Report

Share on facebook
Share on facebook
Share on twitter
Share on linkedin

Investors have priced in robust economic news, but a bullish unemployment report on Friday could blow them out of the water if there is progress not only in the headline rate but in the broader rate that includes labor participation.

Two measures of manufacturing activity were released on Monday, sending mixed messages. The ISM Manufacturing PMI fell short of expectations at 60.7 instead of a forecast 65.0, compared to 64.7 in March, while the IHS Markit Manufacturing PMI nearly matched forecasts at 60.5, about the same as in March.

The news sent the 10-year yield plunging to 1.58% from 1.63% in early trading, but the notes recovered to about the 1.60% level. This is still a loss of 3 basis points on the day but the quick bounce-back shows investor resistance at that level.

Supply chain bottlenecks are clearly hindering manufacturing activity, but anything over 50 in the manufacturing indexes indicates expansion. Stocks powered ahead on anticipation of reopening the economy.

The murky manufacturing data sharpened the focus on the upcoming jobs report, which analysts consider to be a more accurate indication of where the economy is headed. There is no question that manufacturing demand is surging, but disruptions and shortages are dampening activity.


... continue reading 3rd party author's post at source website


Can't Get Enough Freebies? Subscribe to our Newsletter!

We will send you free research and analysis summarized at the end of each month.

Leave a Comment

Newsletter Sign up

Top Posts


What is Flywheel?


More Articles.


Bitcoin Price Prediction: Why Bitcoin Could Be About To Soar To $100,000 has repeatedly broken fresh ground this year, doubling from its price of just under $30,000 per bitcoin at the start of 2021 to almost $65,000 earlier this month. The blistering 2021 bitcoin price rally has slowed since late February as bitcoin traders and investors try to call the top of the market. Now, an

Read More »

An Autoethnographic Account of the Free Market: My Father

Instead of approaching the free market abstractly, in this short series, I’ll approach it from the standpoint of my own experience. In short, I’ll treat the free market in an autoethnographic account. Autoethnography is just what the word suggests: it is a genre of ethnographic writing and research that connects the personal to the cultural,

Read More »
Quentin Fottrell

The April jobs report reveals two very different Americas

So who was left out of the less-than-stellar jobs recovery? Getty Images The official U.S. unemployment rate rose again in April to 6.1% from 6% the previous month, and the U.S. added just 266,000 new jobs on a seasonally adjusted basis, the Labor Department said Friday, figures that economists described as a “huge disappointment.” The

Read More »

Get content like this sent directly to your inbox!

Follow OnceBurned

Share on facebook
Share on twitter
Share on linkedin
Scroll to Top