Treasurys Skid on Jobs Report
MARKETSCOPE: The 10-year Treasury notes were down 20/32 to 101-18/32 level for yield of 4.679% Friday morning as the September and August
Nonfarm Payrolls were revised up a total of 139,000, which offset report jobs grew less than expected 92,000 in October. The data show the economy, which has a five-year low 4.4% unemployment rate, remains strong, contrary to some other recent reports. The report suggests risks have returned to Fed hiking rates in future if this trend continues. The 2-year note was off 07/32 to 100-06/32 for a yield of 4.791%, the 30-year bond was off 1-06/32 to 95-13/32 for yield of 4.80%. There was little reaction to hourly earnings rise.
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