Rum Ham! 48 Year Low US Unemployment Rate Sends 10-Year T-Note Yield To 3.219%

A large revision to the August nonfarm payrolls (to 270k) offset that hurricane-impacted September change of only 134k.

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With the U-3 unemployment rate hitting a 48-year low, the 10-year T-Note yield continued its rise to 3.129%. 30-year mortgage rates will follow.

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To commerate the lowest unemployment rate in 48 years, I am going to have a ham sandwich for lunch. Instead of Rum Ham, we can call it Trump Ham.

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