Logically Weaker After Solid Jobs Report, But It's a Ghost Town

Today’s jobs report is/was the only big-ticket calendar event and the most obvious source of bond market inspiration. That’s doubly true considering the even earlier-than-normal early close (12pm ET) for Good Friday. Payrolls were hot at 178k vs -133k previously.  The big swing is the first hint that payrolls should be taken with a grain of salt. Large swings were expected, to some extent, due to large strikes a…