09/07/2026
Talk about a surprise! Today's jobs report came in at a whopping 162,000, nearly triple the 56,000 forecast. But here's the twist: the bond market barely flinched. Instead of a sharp sell-off that would typically drive mortgage rates higher, yields saw only a modest increase. It seems traders are viewing the headline job number with more skepticism these days, citing volatility and seasonal distortions. The real focus has already shifted to next week's critical inflation data, which will give a clearer picture of the Fed's next move. It’s a reminder that the market is always looking ahead.