

First Friday: The Dollar Is Weak, Bonds Are Expensive, and We Owe WWII-Level Debt
#614: The US just added 139,000 new jobs in May. That beat expectations. But the real story isn't in the job numbers — it’s in the bond market. Something unusual is happening in bonds. Treasury yields are spiking. The dollar is weakening. That combination almost never happens together. And it's signaling concerns…
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