Not Reading Too Much Into Friday’s Weakness

Not Reading Too Much Into Friday’s Weakness

At first glance, with only one report on the calendar, it’s only logical to give Consumer Sentiment credit for sparking today’s bond market selling spree.  Closer inspection adds nuance.  First off, selling began in earnest at 8:20am–the unofficial opening bell for bond market trading and a time of day where inclined sellers/buyers are often lined up and waiting to trade accordingly. Then there’s the fact…