Bonds plummet following strong jobs report

|By:, SA News Editor

Stock futures slip and bond yields spike higher following the big jobs number beat. In addition to the 204K gain in October, August and September revisions added another 60K jobs.

On the downside, the labor force participation rate whooshed down to 62.8% from 63.2%.

The average workweek is unchanged at 34.4 hours and average hourly earnings edged up $0.02 to $24.10.

SPY -0.2%, TLT -1.3% premarket, and the 10-year yield spikes 12 bps to 2.72%.

S&P ETFs: SPY, SH, SSO, SDS, IVV, SPXU, UPRO, VOO, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, BXDB

Treasury ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, TLH, SBND, DLBS, VGLT, UBT, TLO, LBND, FSA, TYBS, TENZ, DLBL