The yields on United States Treasuries with a remaining maturity of 10 and 30 years soared on Friday as investors digested mixed results on the country's labor market, as the last data on nonfarm employment before presidential elections showed weaker-than-expected job additions in October, but a steady unemployment rate.
The activity in the US manufacturing sector expanded last month, seemingly raising uncertainty around the Federal Reserve's monetary policy before the end of the year. Personal consumption expenditure increased in line with expectations, while an underwhelming reading of jobless claims appeared to point to the labor market's resilience.
The return on the 10-year Treasury note climbed 4.9 basis points to 4.331%, reaching its highest point since July. The yield on the 30-year bond rose 6.3 basis points to 4.538%.
