IMO the labor report on Friday missed the mark, despite the wage growth. Retail sales are down, I suspect the economy isn't as strong as everyone believes (even though we're reaching "full employment"), and that bonds are oversold. Even factoring in 2 rate hikes this year (Say, March and September/December), it's only 25 bps.
Tl;dr I think bonds yields are higher than they should be based on the data, good time to throw some change at them?
Submitted January 08, 2017 at 02:05PM by myother3somethrowawy http://ift.tt/2is7I3T
