This morning, Bloomberg featured one of the indicators that we closely monitor; colloquially known as the Modified Duration Index. We call it our “Interest
Jobs number came in at 209k, which was notably above consensus estimate. The internals were strong. From Bloomberg’s highlight: Factory payrolls are coming alive,
We’ve illustrated herein the similarities between 2017 and 2013 coming into this year. Here’s a quick look at year-to-date volatility by comparison. Once playing,