08-04-2025 "You Know My Name" Bonds Know the Game!

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With the loss of jobs, do you know what Fed gives? Odds are you won’t like what it is.

Last Wednesday, the slow-to-ease Fed became the soon-to-ease-slightly Fed, but by Friday, the Fed had lost control. A voting member resigned as the market screamed to the Fed, ‘You will ease in September.’ 

The drama of shooting the ‘weak jobs’ messenger or firing a liar whose figures lie is irrelevant to fixed-income markets that rely on much deeper and wider statistics than the BLS. The bullish trend and fresh momentum in the 10-year yield affirm our target of 3.80. So, does corporate pricing power disappear amid 3% US GDP and weak Job Growth?

Bonds know the game.

These views are mine. Catch the game at TMSpotlight.com.

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Song: You Know My Name (2006) Chris Cornell

The song is the theme from the 2006 James Bond film Casino Royale.