Jobs Data Friday: Will July #s Fuel the Fire or Douse the Flames?"

It was a double-header for jobs numbers Friday, and the bond market was on the edge of its seat, hoping for signs of a downshifting economy.

What we got were two semi-promising reports but with more gaps than a teenager's text message.

Of course, the compass for rate direction depends on how traders interpret the data's mixed messages. So, grab some crackers and let's dig into it...

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