The yields on United States Treasuries with a remaining maturity of 10 and 30 years soared on Friday, reaching their highest levels since at least 2007 after nonfarm employment in the country strongly exceeded expectations.
The latest figures signaled the ongoing strength of the nation's economy but apparently caused market concern that the Federal Reserve will have to do even more to finally push inflation back down to its 2% target.
The return on the 10-year Treasury note surged 12.1 basis points to 4.837% at 9:17 am ET. The yield on the two-year note advanced 7.3 basis points to 5.098% at 9:18 am ET. The return on the 30-year bond was up 12.2 basis points to 5.009% at 9:19 am ET.
