and we will speak with ellen zentner on what can be a messy payrolls report.retch financial markets worldwide. u.s. payrolls report coming at 8:30 eastern time. election day is tuesday and a decision two days later. priya misra writing, "a strong payrolls report and the republican sweep mean higher rates and at some point that can pressure risk assets." good morning. priya: good morning. jonathan: 50 basis points higher over the last month. data or politics? priya: i would say both. the move in the 10-year to 4% was really data. prior two months we had these weaker payable reports. i talked about at the last couple of payroll reports with you. we were in a soft landing. every market is pricing in the soft landing. if you look at the july and august report there was notable deceleration. then we get this last report with revisions and strong 250. we took that downside surprise out of the market. i would say the last 25, 30 basis points is the market starting to price in real risk. we have to adjust for that hike in strike impact. anything above 200,000 is going