Bond Bears Go on the Attack

The video discusses recent economic indicators and their impact on the US economy. It begins with Fed Chair Jay Powell's speech on the economy's strength, low unemployment, and controlled inflation, suggesting gradual rate hikes. The ADP employment report showed lower-than-expected job growth, raising questions about the upcoming government report. The ISM non-manufacturing index indicated strong growth, contributing to market sell-offs. The US Treasury yields reached highs not seen since 2011, with the 10-year note at 3.18% and the 30-year bond at 3.34%. The unemployment rate is expected to fall to 3.8%, the lowest since 1969, with wages closely monitored.

What was the closing yield of the 10-year note, and why is it significant?

What are the implications of the expected unemployment rate change?