Dynamite Data

Earlier today, mortgage purchase applications came in higher for the seventh week in a row and are now up 18% Y-o-Y. May private payrolls fell by a terrible 2.76 million but well below the horrendous 9 million expected! Moreover, oil prices continue to steadily rise and the yield on the 10-year Treasury closed at 0.68% and has been slowly climbing since its closing low of 0.54% on 3/9/20. Nice.