Benchmark 10-Year YIELD Is Climbing

Mike Paulenoff By

Good Wednesday Morning, MPTraders!  July 2, 2025--  My apologies for running late this AM (It has been one of those mornings)...

On the front burner-- Much weaker than expected ADP Payrolls data for June (a loss of jobs, in fact!) released earlier this AM, BUT benchmark 10-year YIELD is climbing (see my chart below), suggesting that the Bond Vigilantes are actively "protesting" the spending levels included in the Big Beautiful Bill that could be voted into law later today or tomorrow morning... 

More in a few minutes... ES, TSLA (reaction to stronger than expected deliveries)...


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