Week Ahead 7/9/23

Although it was a short week last week, there was plenty of excitement in the markets. The 10Y surged back over 4% after ADP #’s doubled estimates. It then settled down a bit on Friday after tapping 4.10 and rejecting thus far after NFP #’s came in under estimates showing a 100K decline compared to last months #’s, of course painting a different picture…