Economic Data Dispels Recession Narrative

The Economic Data if anything, failed to inject a sense that "things are deteriorating" in the Jobs market, coupled with a surge in Productivity (dispelling the recession narrative anytime soon), which likely is the impetus for 10-year YIELD popping to a new multi-month high at 4.16% in reaction to this news... 

As for the markets, ES has lifted a bit from 4519 prior to the data to 4525, as 10-year YIELD climbs...

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