Reported 25 days ago
The U.S. economy added only 12,000 jobs in October, significantly below the expected 100,000, influenced by adverse weather and Boeing strikes. PGIM Fixed Income's chief economist, Tom Porcelli, discusses the implications for equity and bond markets, predicting challenges in policy-making due to the upcoming U.S. presidential election. He foresees a 10-year yield around 4.30%, indicating that regardless of the election outcome, economic issues like deficit deterioration will persist.
Source: YAHOO