10Y Treasury yields fell to a 2.26% handle – the lowest since Nov 18th and breaking the reflation-trade support – after a 4 sigma miss in payrolls this morning. Gold jerked higher once again – almost erasing the entire post-election loss, stocks and the dollar are under pressure.

The dollar was hit hard…

And 10Y yields broke reflation trade support…

And the EDZ7/EDZ8 spread signals more bond bear pain ahead…