Not Even Bad News Helps Bonds

Even with this week jobs report the 2.50% mortgage bond closed last Friday at its lowest level since April 2nd. If the bond drops more than 40 bps than Holy Shit watch out below. If this happens rates might go up by ½% in just a couple of days. And the 10-Year Treasury Bill closed Friday at 1.61% above a strong ceiling of resistance, which is not a good sign either.