Yield Hunting Weekly Commentary | Aug 7, 2022

Macro Picture

Equity markets were mixed this past week as liquidity continues to dry up.  The strong labor market was the big news on the week easing fears of a recession.  

Interest rates rose nearly 20 bps to 2.85% mostly after the jobs report on Friday showed more than 500K new jobs being created.  That was nearly double the consensus estimate.  Total …