When the BLS reported 248,000-258,000 fewer jobs than initially estimated for May and June combined, this sent yields crashing and prices up, and Pento's portfolio of shorter-duration bonds benefited significantly from this move.
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Speaker
Michael PentoEvidence Quote
“when they reported... 248,000 or something like 258,000 less jobs... that sent yields crashing... we really cleaned up last week on our long duration um long the short shorter duration bonds.”
Created: 8/11/2026, 7:26:40 AM
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