ADP Reports Massive Job Gains as 10yr Yield Breaks Out
The US economy added 497K private sector jobs in June according a report released by ADP this morning which has stocks falling as investors are worried about what the Fed might do in response. Meanwhile interest rates continue to creep higher and the US 10 year treasury yield appears to have broken out from an 8 month bull flag pattern suggesting there is more to come.
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#jobsreport #ADP #interestrates
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