Job openings unchanged in October; hires, quits slide

Group 1 - The October JOLTS report shows a total of 7,670,000 job openings, exceeding expectations of around 7,100,000, marking the strongest number since May [1] - The leading economic indicators have been trending negatively, indicating potential economic challenges ahead [1] - The September reading for leading economic indicators matched expectations, showing a decrease of 0.3%, which is the best reading since July [2] Group 2 - Interest rates are rising globally, with the current rate hovering around 4.17%, and the high yield noted at approximately 4.19% [3] - The upcoming 10-year auction is set for $39 billion, highlighting ongoing interest in government securities despite rising rates [4] - The yield curve is tightening, particularly between two-year and ten-year notes, indicating market adjustments to interest rate changes [4]