There's an exciting way and a boring way of trading bonds. The exciting way is to trade around economic numbers. Look at bonds around 0930 EST on NFP Friday and you won't say they're boring to trade. The boring way is to look for the longer term trend. Either way you need to combine auction theory with fundamental analysis. If you don't understand why core CPI coming in at 0.1% rather than 0.2% as expected increased the price of bonds then that's something you have to learn. It's not like stock index futures where there's a spike and then the market ignores the number.
It's not enough to get the economic number 10 seconds after release. Use a news squawk to get the release immediately. A good free one is
www.NewsStrike.com.