It’s Jobs Week, with the JOLTS, ADP, and BLS reports being published tomorrow, Wednesday, and Friday, respectively. The Unemployment Rate is anticipated to rise back up to 4.5% after spending a month at 4.4%. Laborers’ pay and hours worked should stay the same. The 140K additional posted openings are expected to have resulted in 70K new hires. The mixed bag of data would not materially contribute to the direction of interest rates.
Nor will the partial government shutdown, cuz, like, what’s new?
The Fed will not be auctioning off any paper this week, which should give bonds a chance to rally, especially with the stock and precious metal selloff.
