Peakish Growth? The 10Y Yield Decline Is More Signal Than Noise

peakish growth the 10y yield decline is more signal than noise

Sumary of Peakish Growth? The 10Y Yield Decline Is More Signal Than Noise:

  • For the second quarter, the growth expectations may be a touch high given the lagging labor market recovery (more on that topic below)..
  • But what might be more important for understanding the labor market dynamics at work here is how many people are quitting their jobs..
  • The churn helps explain the lack of an uptick in labor force participation while hires have moved above pre-covid levels.How does this tie into the narrative around GDP?…

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