Well, no need to go into how bad the unemployment report was (look at last post if inclined), markets closed green. Bonds bears got taken out back and beaten with bats, taking the 10Y yield to 2.86%, when it was just at 3% earlier this week. S&P futures (ES) initially dropped after the report, but ended up 5 handles at 1838 even with 1.45MM minis traded. Overall after the report was released, markets went into autopilot mode, and remained relatively quiet all day.
VIX was pummeled Friday. It did move higher earlier, and into the green very briefly, but dropped, ending down -5.82% at 12.14. VIX futures were slaughtered, with the front month down .40, and back months down anywhere from -.10-.30. Just another day in the most ridiculous markets ever. January options have less than 10 days left till expiration, with exactly 6 days left to trade. The European VIX ended down -4.58% at 16.56.
10Y BOND FUTURES