Treasury Prices Soar on Jobs Data
Treasuries soared Friday in response to an unexpected decline in August nonfarm payroll jobs by 4,000, a far cry from the expected increase of 110,000-120,000. The 10-year note rallied 36/32 to 102-01/32 for a yield of 4.37%. 30-year bond surged 56/32 to 104-29/32 for a yield of 4.69%. The 10-year yield dropped to its lowest level since January 2006.
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