• Nonfarm Payrolls
    • 254k vs 140k f'cast, 159k prev
  • Unemployment Rate
    • 4.1 vs 4.2 f'cast
  • Wages
    • 0.4 vs 0.3 f'cast
    • last month revised up to 0.5

Nothing good to see here for the bond market.  No surprise to see massive selling in response. 10yr up an instant 11+ bps at 3.95+.

MBS haven't even seen enough liquidity yet to know how much they'll be down, but more than half a point is the starting point.