Bond Report: Treasury yields steady as investors await jobs report

Treasury yields moved moderately lower Friday as investors awaited the jobs report from President Donald Trump’s first full month in office.

The yield on the 10-year Treasury note TMUBMUSD10Y, +0.22% edged lower to 2.604%, while the yield on the 30-year bond TMUBMUSD30Y, +0.13% was flat at 3.189%. The yield on the two-year note TMUBMUSD02Y, -0.22% was off slightly at 1.376%.

Treasury yields have climbed dramatically over the past two weeks, driven by the increasing probability that the Federal Reserve will raise interest rates during next week’s two-day policy meeting, which begins March 14.

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