The upcoming employment report is shaping up to be a major market mover—expect bigger swings in Treasury yields than you'd typically see from geopolitical headlines. Here's the thing: when labor data comes in stronger or weaker than expected, it directly impacts Fed policy expectations, which ripples through bond markets fast. Meanwhile, Venezuela's political situation, while noteworthy, tends to get priced in gradually or plays second fiddle to hard economic indicators. For traders watching both traditional and crypto markets, keep an eye on the unemployment rate, wage growth numbers, and total job creation figures. These are the real catalysts moving Treasury yields and broader risk sentiment right now.