you dryden tense, michae santoli, we appreciate you time >> let's get now to rick santelli in chicagoow th bond market is reacting for th jobs report. rick >> john, what a wild day you, know i thought it was going to be all abou employment, and to some extent it was, but in many ways university of michigan stole the spotlight. if you look at a one-yea inflation rate on a chart of ten years, you can see what i' talking about. a couple of things to poin out. first of all, just the volatility on the right side o the chart! last month, 4.5, this month, 3.1 on one year inflatio outlook. look at the choppiness there and just indirectly, we ar still higher than we wer pre-covid. that is a ten-year chart now if you look at one of th big issues this week, it has been the short maturities ar leading the way. they took over when we are going down, te years lead, two year's leading this is a one-week chart as we stand now, for 71, we're up 11, 12 aces points on the day. we're up 17 on the week. now let's contrast that with a ten-year chart ten-year charts are so aggressive, but it is only u three