Treasuries End Higher
Treasury prices finished higher, and yields plunged, Friday on weaker-than-expected Nonfarm Payroll data. The numbers showed only a 112,000 rise in U.S. nonfarm payrolls There was little reaction to a strong November ISM services index. The yield on the 10-year treasury closed at 4.27% from yesterday's close of 4.40%. Some observers call the rise in bond prices a correction from the recent selloff, according to S&P Marketscope.