Treasury yields soar to 2011 high on jobs data
NEW YORK (MarketWatch) — Treasury prices tanked on Friday after a stronger-than-expected jobs report, putting the 10-year note yield on track to once again close at its highest level since August 2011.
The 10-year note (ICAP.SD:10_YEAR) yield, which moves inversely to price, rose 20 basis points on the day to 2.698%, according to Tradeweb. The 30-year bond (ICAP.SD:30_YEAR) yield rose 15 basis points to 3.649% and the 5-year note yield (ICAP.SD:5_YEAR) rose 17 basis points to 1.583%.
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