Bond yields rise on the day but fall on the week

Bond Market Overview - Bond yields are rising despite weaker-than-expected economic data, particularly in the service sector [1][2] - Two-year and 10-year yields are up several basis points during the session, but down about eight basis points for the week [3] Economic Data Impact - The disappointing service sector data raised questions about both sides of the Federal Reserve's mandate, particularly regarding the labor market [2] - Prices paid in the service sector showed a slight increase, which is not favorable for inflation control [1] Technical Analysis - The NASDAQ index is showing a higher high and a lower low compared to the previous day, indicating potential volatility [4] - A close below the previous day's low could signal a key reversal from all-time highs, which would be technically significant and potentially bearish [4]