Each day Lavender, 57, wears the same purple jacket with red lapels to help clients pick him out of the crowd as he trades contracts for ten-year Treasurynotefutures.
June treasurynotefutures nevertheless reversed gains to a session high point at 122-25 to trade at a minor loss on the day trimming a fall in the yield to a minor rise to 3.18%.
Implied yields declined by increasing amounts along the Eurodollar curve while the September treasury-note futures contract was lower by 12-ticks following his remarks and partially in response to a calmer session for European government bonds.
U.S. stock indexes slumped, U.S. Treasury bond and notefutures prices soared and the U.S. dollar index vacillated but did back down in the wake of the jobs data.