Video: Why Higher Rates Are Like 'Good Cholesterol'
Oct. 6, 2018
U.S. unemployment fell more than forecast in September to 3.7 percent, the lowest since December 1969, average hourly earnings climbed 2.8 percent from a year earlier, slowing as projected from a 2.9 percent advance the prior month. Hiring eased to 134,000, reflecting the fallout from Hurricane Florence, with 299,000 people being away from work due to bad weather.
Bob Miller, head of U.S. multi-sector fixed income at BlackRock, Victoria Fernandez, chief market strategist at Crossmark Global Investments, and Sean Newman, senior portfolio manager at Invesco, talk with Bloomberg's Jonathan Ferro about the U.S. jobs report, the neutral rate and this week's selloff in the Treasury market.