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Post-NFP React: Bonds Gap Lower on Jobs Surge

US TSY FUTURES

Tsy futures gap lower (30YY hits 3.600% high) following surge in job gains for January of +517k, 2.75x the mean estimate of 188k. Yield curves mostly flatter:

  • 3M10Y +5.248, -119.775 (L: -129.237 / H: -117.307)
  • 2Y10Y -1.669, -73.23 (L: -75.535 / H: -69.701)
  • 2Y30Y -4.167, -60.525 (L: -61.773 / H: -54.675)
  • 5Y30Y -4.381, 1.13 (L: -0.941 / H: 8.622)

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