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Takeaway: After Friday's rate of change slowdown in the Jobs Report, the risk range on the 10-year Treasury is 1.45-1.60%.

The headline jobs number was “good” while the rate of change in non-farm payrolls slowed again to 1.72% versus 2.30% in February 2015. That got U.S. Treasury 10-year to tap the top-end of my 1.45-1.60% risk range. The signal says that’s probably it with 1% GDP being goldilocks, for now.

Here's the Key NFP rate of change chart:

The Key Takeaway From Friday's Jobs Report & What It Means For 10-Year Treasury - nfp 8 5

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