The Week Ahead: How Much More Pain Can Bond Holders Expect?

nvestors were bombarded by economic data after the long Labor Day weekend, ending with the widely anticipated monthly jobs report on Friday. It came in weaker than expected, though the overall unemployment rate dropped. The downward revisions of the previous months were the real story, as they suggest that the economy may not be strong enough yet for the Fed to change its policy. The gyrations after the report were not surprising, as a whole cottage industry has developed around trying to train ...