- Bond traders are focused on red equity numbers and the continuing crash in energy rather than a strong ADP jobs report - 257K private sector jobs added in December vs. 190K expected. Today's print is the strongest since 275K jobs gained in December 2014.
- The 10-year Treasury yield moved up one basis point on the news to 2.19%, but is still lower by five basis points on the session, with U.S. stock index futures down 2% and oil off 3.3%.
- TLT +1.2%, TBT -2.4% premarket
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, LBND, DLBL, TYBS, VUSTX