http://www.barchart.com/charts/futures/EDM15 This is the June 2015 chart. The reaction to the last 3 NFP's are seen on the fourth trading day of the month and have been significant for a few day then reversed. Big + revisions to previous NFP's so maybe this a catalyst to move this short term rate out the range. Some feel the fed is determined to begin to raise rates by as early as June.