Treasury yields climb after employment report reports more job gains than forecast

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Treasury yields climbed on Friday after the official jobs report showed the labor market was continuing to make a steady recovery. The 10-year Treasury note yield rose 4 basis points to 0.662%, while the 2-year note rate edged 0.8 basis point up to 0.133%. The 30-year bond yield surged 6.7 basis points to 1.408%. Bond prices move inversely to yields. The U.S. economy added 1.37 million jobs in August, above the consensus estimate of 1.2 million. The unemployment rate fell sharply to 8.4%, from 10.2% in July.
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