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Market Commentary

Surprisingly, bonds trade much lower on Friday, sparked by our blockbuster employment numbers.  The selling continued throughout the day after the initial shock of the number was traded out.  We were brought back to our 200 day moving average in one swoop.  Treasuries traded lower as well, and continue down today as our market is outperforming.

 

  The real performer over the weekend and into today is the CAD$, currently testing resistance at 1.1700.

 

There is a lack of news this morning (related to debt markets, anyways) so we'll have to wait for later in the week when we'll get some inflation data well worth watching



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