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NFP Stronger Than Forecast; Major Sell-off for Bond Markets
Posted to: Micro News
Friday, March 7, 2014 8:33 AM
Payrolls came in 175k vs 149k forecast. Last month revised up to 129k from 113k. December revised up to 84k from 75k.
MBS are down nearly half a point already and 10yr yields are instantly 8bps higher after being flat overnight. More to follow...
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