Bond yield spike - important

This morning we saw a bond yield spike which puts pressure on fixed rates to move up. And just as I'm writing this a lender has sent an email with the increase. 

Job numbers came in better than expected with a huge gain in part time jobs, however a loss in full time. This news is what made the bonds spike. 

I'm not sure how this is good news as I'm sure most of the jobs were seasonal workers say at Amazon and so forth for the busy season. 

Let's see what next week brings!

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