Treasuries Drop, Stocks Rise, Dollar Strengthens Amid Jobs Data

Treasuries fell, with five-year note yields rising for the first time in seven days, while U.S. benchmark equity indexes gained to two-year highs and the dollar strengthened as jobs growth bolstered optimism in the economy.

The 5-year Treasury note’s yield rose six basis points to 1.09 percent at 4 p.m. in New York, rebounding from a record low this week. The Standard & Poor’s 500 Index advanced 0.4 percent to 1,225.85, its highest level since Sept. 19, 2008. The Dollar Index, which tracks the U.S. currency against six peers, snapped a three-day drop to climb from its 2010 low. Commodity indexes rose to the highest levels since October 2008 as copper surged to a 28-month high amid a mining strike in Chile.