Weak Jobs Data a “Mirage”?

Mysterious traders are betting on a blowout nonfarm payroll report, expecting the 10-year Treasury yield to exceed 4%. The U.S. Labor Department may be tweaking data to create an illusion of a stronger economy. Analysts noted that political pressures may push for an optimistic employment picture. On Wednesday, there was a significant increase in demand for 10-year Treasury puts, with some traders betting millions on a spike in yields within the next 48 hours.