Jobs Data Great for Warsh and Bonds, BlackRock's Rosenberg Says

BlackRock portfolio manager Jeffrey Rosenberg says the June jobs report is likely to give Fed Chair Kevin Warsh room to remain patient on rates and should support the bond market. The note implies a modest positive read-through for yields and credit conditions, but it does not cite specific data prints or policy changes.

Analysis

BlackRock portfolio manager Jeffrey Rosenberg says the June jobs report is likely to give Fed Chair Kevin Warsh room to remain patient on rates and should support the bond market. The note implies a modest positive read-through for yields and credit conditions, but it does not cite specific data prints or policy changes.