The BLS report showed an increase of 275,000 jobs in the month of February. The expectation was 200,000. The Unemployment rate inched up to 3.9% from 3.7%.

Weekly earnings up 0.4% for the month and up 3.7% year over year.

How does this affect the Bond market? See graph below. UP is LOWER rates.

Rate Improvement helps get buyers and sellers off the couch.