The Bond Buyer - Munis, USTs rally after jobs report

While the economy slows, Jan Szilagyi, CEO and co-founder of Toggle AI, said, it's "not slowing enough."

The pace of job growth is "still way above the speed limit, so for now the economy isn't anywhere near the kind of 'benign job growth' the Fed wants to see," he said.

"This is definitely a 'further and longer on the hiking cycle' kind of report," Szilagyi added, because despite a "28,000 downward revision to the prior two months, we are solidly above 200,000."

The report will "most likely add to the growing narrative of a disinflationary environment crossing with a robust economy, and therefore a soft landing.

This, he said, "could prove positive for stocks in the short-term."

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