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