U.S. Government Bond Yields Climb After Jobs Report Exceeds Expectations
U.S. Government Bond Yields Climb After Jobs Report Exceeds Expectations U.S. government bond yields rose Friday after data showed the economy added more jobs than expected last month, a sign of ongoing growth. The yield on the benchmark 10-year Treasury note rose, snapping a three-session streak of declines, settling at 1.727% compared with 1.672% before the report and 1.691% Thursday, according to Tradeweb. Yields, which climb when bond prices fall, jumped after the Labor Department said the U.S. added 128,000 jobs last month, more than the 75,000 expected by economists surveyed by The Wall Street Journal. The agency also revised data from August and September to reflect gains of 95,000 more jobs than had previously been estimated. Some investors said the data supported expectations that the Federal Reserve would pause cutting interest rates. Fed officials lowered interest rates Wednesday for the third time this year and signaled they think economic growth is strong e...