Treasury yields (^TNX ^TYX, ^FVX) began to trade higher after the Bureau of Labor Statistics released the hotter-than-expected May jobs report.
JPMorgan Asset Management collection of investments manager Kelsey Berro joins sector Domination to give insight into the May jobs report and what it means for the broader sector moving forward.
Berro argues the soft landing has arrived and that it is now time to extend the analogy: “So we’ve landed, but the plane is still moving on the ground, and we’re looking to taxi towards the gate and we’re still questioning, are we going to crash into the gate, or are we going to stop short of the gate, or are we going to get right to the gate and have a nice entrance into the airport? So that’s really still what the sector is grappling with. And that’s why you see these very intense moves in the bond sector.”
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