BONDS JUMP AFTER UGLY JOBS REPORT

new york stock exchange traderAP Images

The jobs report is out, and it's a big miss.

The most dramativc move is coming from the bond market where the yield on the 10-year Treasury just dropped from 2.47% to 2.40%.

U.S. companies added just 142,000 new payrolls in August, missing expectations for a gain of 230,000.

July's number was revised up modestly to 212,000 from an earlier print of 209,000.

As expected, the unemployment rate ticked down to 6.1% from 6.2% in July. This came as the labor force particiapation rate slipped to 62.8% from 62.9%.

More to come...

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