Employment report might have been too good. 248k payroll employment with revisions, unemployment down to 4.1%, average hourly earnings up 0.3% over last month and 3.9% over last year. No surprise that 10 year bond yields now 4.75% in response and markets selling off

Rate cuts hard to pull off when prints like this are happening

How will Bessent refi 8 trillion of debt coming due?

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