Bonds have worked VERY hard to avoid taking any sort of stand after the jobs report.  And it's not just bonds.  Yen/$--one of the most widely-followed indicators of general risk-on vs risk-off sentiment has been expressing the same indecision.  Both have made a series of higher lows and lower highs since the data.

This "triangle" will break soon, but regardless of the side that breaks, this first half-hour of trading is enough to let us know that a majority of traders were right where they wanted to be heading into the weekend.  If trading levels end the day in significantly different shape, it will be for other reasons (i.e. imbalances that arise due to waning liquidity, position squaring among short-term traders, or algorithmic trading going on a run).