December 3rd, 2010 10:21 AM by BILL WILBANKS
Unemployment report came in at only 39k jobs created instead of the 150k forecast. Unemployment number hits 9.8% against all forecasts. The 10yr bond closed at the highest level yesterday since late July at 2.9903% after briefly breaking 3% and sank to 2.92% immediately after this morning's numbers above, only to edge right back up to 2.972% at 10:07 AM ET. The first pricing sheets showed a 0.25% to 0.375% improvement on points from yesterday's full 1% jump from the day before. But that was before the 10yr jumped back up...will it hold and does anyone have a motion sickness pill?