The January employment report came out today.  Given the headline number one would have expected the bond market to rally.  Instead we saw bond yields continue to rise.  Admittedly the report was a hodgepodge of mixed messages, however after taking into account the effects of weather it seems like the jobs market is still improving, albeit gradually.  Maybe the bond market is paying more attention to future gauges of inflation which are perking up.  The big question is whether this represents a big trend change in the bond market.  In today’s screencast we look at the state of the bond market.

Items mentioned in the above screencast:

A gradually improving US labor market.  (Gavyn Davies)

ECRI inflation gauge jumps.  (Bond Buyer)

Is the 30-year bond market rally over?  (MarketBeat)

The bond market is getting restless. (Calafia Beach Pundit)

Daily price chart of the iShares Barclays 20+ Year Treasury Bond ETF (TLT).  (Finviz)

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