From today's Accutic Plus Report:
Good afternoon folks – an interesting enough day I suppose. Non farm payrolls came out as expected around 120K or so – but the unemployment rate dropped to 8.6% - which of course was due mainly to people dropping out of the labor force and by no means finding employment. The initial shock of a drop of .4 from the previous read was enough to give the 10yr. futures a quick shove lower. As the players list below activity was fairly subdued prior to the data release. Most the flow ensued after the sharp selloff had corrected and prices were trading just below 12900. Chart right shows the magnitude of the move down and the current move up as we are more than halfway through the session now.
For charts and update on flows members log in here: http://financialfutures.typepad.com/accutic_plus/
If currently not a member and would like access - please post a comment below and we will get back to you promptly.
Comments