Depending on which "close" we're talking about, bond markets may actually break even by the end of the day.  In terms of the 3pm Treasury pit close, 10yr yields were only about one half of one basis point higher than yesterday's latest levels--essentially unchanged (and they're even closer at the moment).  Fannie 3.5s actually hit unchanged levels for a split second this afternoon, and remain close with 15 minutes left to go.

Bottom line, bonds shrugged off another jobs report that, by all rights, should have been a market mover. If you still find yourself surprised that bond markets aren't caring about economic data very much, today offered another great reason not to be. I've said plenty about this phenomenon today, so if you're interested, here you go


MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.0
99-04 : -0-04
FNMA 3.5
102-21 : -0-03
FNMA 4.0
105-24 : -0-02
Treasuries
2 YR
0.5670 : +0.0310
10 YR
2.4410 : +0.0050
30 YR
3.1320 : -0.0160
Pricing as of 10/3/14 3:47PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
11:25AM  :  Solid Bounce for Bonds; Reprice Risk Evaporates
10:29AM  :  ALERT ISSUED: Negative Reprice Risk on the Horizon; MBS hit Lows
8:54AM  :  First Move is Weaker Following NFP, but Already Having Second Thoughts

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Jeff Anderson  :  "Was thinking I'm pretty happy about bonds, also."
Matthew Graham  :  "so are bonds, all things considered"
Jeff Anderson  :  "Equities are rocking today."