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Takeaway: Ahead of the Friday Jobs Report, risk range on the 10-year Treasury yield is 1.45% to 1.62%.

Ahead of the jobs report the 10-year yield is sitting right in the middle of its risk range (1.45-1.62%) so I’d do nothing on that and/or yield chasing securities – bad jobs print gets you 1.45%; “good” gets you 1.62% and I’m not in the business of guessing the number – no one we know has process driven edge on nailing NFP consistently.

Ahead Of Friday's Jobs Report: Risk Range On 10-Year Treasury Yield - 10yr risk range

Editor's Note: The snippet above is from a note Hedgeye CEO Keith McCullough wrote for subscribers this morning. Click here to learn more.