Treasury yields hold decline after jobs report
Treasury yields held their decline after the government released its all-important jobs report on Friday. The 10-year note yield was down 3.1 basis points to 1.862%. The 2-year note yield was up 0.4 basis point to 1.726%. Debt prices move in the opposite direction of yields. The U.S. economy added 164,000 jobs in July, with analysts having forecast gains of 171,000 jobs last month. The unemployment rate was unchanged at 3.7%, while average hourly earnings rose 0.3%.
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