• Oct Non-farm Payrolls Worse than Expected at -190,000 vs. consensus -175,000 vs. Sept -219,000 (previously -263,000)
• Unemployment Rate: 10.2% vs. consensus 9.9% vs. Sept 9.8% (previously 9.8%). Highest unemployment rate since 10.2% in April 1983
• August Non-farm payrolls revised to -154,000 from -201,000. July unrevised at -304,000
• Average hourly earnings +0.3% vs. consensus +0.1% vs. Sept +0.1%, to $18.72 vs. Sept $18.67. Year-on-year average hourly earnings +2.4 %
• Average work week 33.0 hours vs. consensus 33.1 vs. Sept 33.0.
• Aggregate weekly hours index -0.2 % vs. Sept -0.5 %

Below are the market's reactions to the data. Dont get comfortable yet, the market's initial reaction is not the best indicator of the day ahead. Give this a few minutes to set in...

The 10yr....

The FN 4.5....

The yield curve initially moved steeper as the Fed Funds rate sensitive front end outperformed the long end of the curve...however as the 2yr ran into resistance at 0.84% the curve has calmed.

Stock futures are making new intraday lows...