Introduces Colin Martin and sets up discussion topics: mixed jobs report, no Supreme Court tariff decision update, and current 10-year yield at ~4.18-4.19%.
Host
Colin Martin
Initial market reaction to jobs report was higher yields due to improved unemployment rate (4.4%), but deeper analysis shows weak payroll growth and big October revision, tempering expectations and pulling yields back.
Asks about potential Supreme Court tariff ruling impact on bond market and rates.
Host
Colin Martin
If Supreme Court rules against administration requiring refunds, it likely means increased Treasury supply, which could cause an uptick in Treasury yields.
Asks about Trump's proposed $200B mortgage-backed securities purchase program (affordability QE) and its market impact.
Host
Colin Martin
The $200B program is too small compared to Fed's $2T holdings and true QE; yields actually rose after announcement, suggesting it won't significantly lower long-term rates as intended.