The yield curve has steepened modestly as long rates moved up more than the short end.

Lost in all the attention paid to the political circus of the Supreme Court hearings was the solid economic data and the trade agreement with Mexico and Canada. The employment report for September was another indication of the tight labor market. Nonfarm payrolls only increased by 134,000 for September but July and August were revised upward by over 70,000 new jobs. The average monthly increase in the last three months has been 193,000, up from the 187,000 average of the prior three months.


ProBank Austin Advisor - October 8, 2018