Solid Labor Market Report Points to 75 bp Move this Month
07/08/2022
The June employment report from the Bureau of Labor Statistics was stronger-than-expected, indicating the U.S. economy remains stubbornly resilient despite aggressive Fed tightening. As a result, bond yields, which have swung wildly during the past few weeks, moved higher in early trading in anticipation of another 75 basis point rate hike later this month.