• Nonfarm Payrolls
    • 147k vs 110k f'cast, 139k prev
  • Unemployment rate
    • 4.1 vs 4.3 f'cast, 4.2 prev

Despite almost every other employment report (or employment component of certain reports) indicating a weaker jobs report this month, here we are with a moderately higher number and a much lower unemployment rate.  

Bonds are unhappy with 10yr yields instantly up 7+bps at 4.355.  MBS are down nearly 3/8ths of a point.