Treasuries, Gold Rise on Fed Bets as Oil Gains on Syria Concerns

Treasury yields slid, the dollar sank and gold rose as slower-than-forecast jobs growth eased concern the Federal Reserve will cut stimulus. Oil jumped to the highest since May 2011 and U.S. stocks erased gains amid tension between American and Russia over Syria’s civil war.

U.S. 10-year yields fell six basis points to 2.93 percent at 4 p.m. in New York after sliding 13 points earlier and jumping to a two-year high of 3.005 percent before the jobs report. The Bloomberg U.S. Dollar Index decreased 0.7 percent, with the yen appreciating 1 percent to 99.07 per dollar. Oil advanced 2 percent to $110.53 a barrel and gold increased 1 percent to $1,386.50 an ounce. The Standard & Poor’s 500 Index ended little changed at 1,655.17 after retreating as much as 0.9 percent and gaining 0.6 percent, its biggest swing since June.