Big gains for Treasurys after payrolls

|By:, SA News Editor

There didn't appear to be anything particularly weak about this morning's payroll number, but Treasurys are seeing it somewhere, with the 10-year yield now off a full five basis points to 2.75%. Eurodollar futures are higher as well, the Dec. 2016 contract up 8 basis points to 97.69 - suggesting a Fed Funds rate then about 200 basis points higher than it is today.

TLT +0.6%, TBT -1.2%

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