Dollars and Jens
Wednesday, July 05, 2006
markets and jobs
There was some attempt to explain today's market moves in terms of Korea's missile tests, but I would tend to expect bonds to benefit from that; bonds tanked. I would guess most of the markets were paying more attention to Korea than to a strong privately constructed jobs number that suggests a strong number on Friday and a higher chance of inflation and/or more federal funds hikes; bonds markets may well have been paying more attention to the latter, though.

Of course, there's a significant just-so quality to any of this.

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