ADP Employment Survey Shows 230K Jobs Added In September, 10Y T-Note Yield Pierces 3.1% (Mortgage Refi Applications DEAD)

The ADP employment survey for September revealed a gain of 230,000 jobs. AND bartender/waitstaff jobs (a staple of the Yellen years) were small in comparison to other job categories.

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On the news, the 10-year Treasury Note yield rose above 3.10%.

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And The Dow rose triple digits … again.

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And mortgage refinancing applications remain dead with rising Treasury yields.

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