Treasury Yields Rise From 5-Week Low Before Jobs Report

Treasury 10-year yields rose from the lowest level in five weeks before reports this forecast to show payrolls in the U.S. increased last month and services businesses kept growing.

The benchmark yields dropped earlier as Italy moved closer to a new election, boosting demand for the safest assets, after an anti-austerity vote last week left Europe’s third-largest economy in political deadlock. Pacific Investment Management Co., manager of the world’s biggest bond fund, projected returns on U.S. 10-year notes during the next 10 years will trail the average of the past decade.