US Treasury yields rose on Friday following the release of the latest report on US jobs, with the yield on the 10-year note jumping ten bps to reach an intraday high of 4.103%.
According to the latest US Bureau of Labor Statistics report, nonfarm employment grew by 216,000 in December, a figure much higher than expected. The unemployment rate remained intact at 3.7%.
Having reached its maximum level for the day, the yield on the 10-year Treasury note rose by 9.5 basis points, reaching 4.086% at 8:39 am ET. At the same time, the yield on the two-year note saw an uptick of eight basis points, settling at 4.462%. Meanwhile, the return on the 30-year bond experienced a rise of 8.5 basis points, reaching 4.222%.
