The rise in bond yields at a time when the central bank is lowering interest rates could test the economy, the markets and Donald Trump’s agenda.
by Tim Smart
USNews.com
Last week provided almost a near trifecta of economic news that showed the economy strong but also with a strength that is unnerving markets.
That may well be the case again this week as a different version of the dynamic comes into play.
First, a review of last week’s good-news-is-bad-news story:
— A December jobs report from the Labor Department that beat expectations handily as 256,000 jobs were created, way above the 160,000 expected.