Quite a conundrum. Bad Jobs: Dollar continues to weaken - does that act to facilitate stimulate further curve steepening (long bonds sell, short end up), or does long end buying continue despite this ? Good jobs: Bonds sell off (definitely), What else happens? Does dollar stay weak despite good jobs, as fed policy looks weak and inflation issue may continue to exacerbate. Either way, logic says bonds are a sell, the dollar looks a sell, and inversely equities market are a buy (with exception to anything china here). Tell me how I'm wrong. I'm open to new ways of thinking about this.