• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

If we examine the correlation between the 10-Year US Treasury and 4-week Rolling NSA Initial Jobless Claims on a year-over-year basis, you'll find that as the labor market deteriorates to some degree, investors are keeping their cool and not fleeing to Treasuries as a safe haven play. Conversely, investors seem to be confident that the bull run in the US equity market will continue despite weakness in yesterday's ADP report and this morning's jobless claims numbers. The 10-year yield hit a two-month low earlier this morning at 1.823% before rising back above 1.826%.

Bonds: Jobs Off, Risk On? - 753981515