It Won't Take Much For A Payrolls Surprise To Give Yields A Lift

Authored by Simon White, Bloomberg macro strategist,

The bar is quite low for payrolls to surprise to the upside today, and for yields to see a short-term bounce.

They say climate is what you expect, weather is what you get. Leading indicators imply a general trend for the US economy to be in, or to soon enter, a cyclical slowdown.