We had a very big beat today in Non Farm payrolls as we came in at 243k Jobs created for January as well as higher revisions for the previous 2 months. This goes against the doom and gloom painted by Ben Bernanke yesterday. We had a fall in the Bund of 120 ticks since the number as rate hike chances have been bought forward. IF data continues to improve then its more likely then not that the markets expectations for change in monetary policy will be bought forward, and hopefully this will spice up the trading activity in the short end as right now its very flat.
Watch below to see some of todays action in the Bund:
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