Here is a 5 minute chart of today's activity following the release of the employment report. This is typically the most volatile time period for the US Bond Market. All sorts of posturing takes place while people are anticipating the Fed's next move.
It is best during this report, to turn off the computer. This action is very illiquid, and often very volatile. Today was a below average range on the release of the report. I believe this was due to the report released on Wednesday, which more or less gave us in advance what this report was likely to show.
There is no way anyone can know how a market will react to a report, so do not waste time guessing. Often the reactions in price to a bullish report are actually bearish, and vice versa. You simply must stick to your system. If it says to buy, you buy. If it says to sell, you sell. Tune out all of the noise. It is way to stressful, and also less productive to get caught in the emotion of these reports.