The surprise that Wall Street consensus isn't predicting? A gloomy jobs report on Friday. That would reduce the odds of a December rate hike. Here's more from Hedgeye CEO Keith McCullough on what that would mean for Treasuries:
"For the umpteenth time this year, the UST 2YR Yield is in this 0.75-0.80 zone and signals overbought on “they’re gonna raise rates” – you’re one more bad jobs report away from 0.59% 2YR and 1.98% 10YR. FYI – we are staying with that call."
