Modest Friday Bounce Does Little to Alter Bigger Picture

Modest Friday Bounce Does Little to Alter Bigger Picture

After a decent mid-day recover, bonds gave up their gains heading into the 3pm close.  It’s a level of weakness that demands no explanation in the bigger picture–especially on a Friday afternoon of a week with a rally on every single previous day.  Nonetheless, one could make a case for the bump by pointing to things like Senate moving closer to a spending bill vote with reports…