Do you have overnight price protection? Now's the time (probably). We'll have to see if losses manage to stay contained here at the initial sell-off levels.
NFP came in at a whopping 255k vs 180k forecast and with a slight upward revision to the previous month (292k vs 287k)
Unemployment ticked up despite s 0.1 pct increase in labor force participation. (The consumer survey can always differ from official reports from employers). Wages also increased to 0.3 from 0.1 previously, beating the forecast for 0.2 percent.
10yr yields are up 3.1bps at 1.533 and Fannie 3.0s are down a quick 3 ticks at 103-29.