Bond Report: Treasury yields bounce higher after U.S. adds 209,000 jobs in July

U.S. Treasurys sold off on Friday, pushing yields higher, following a key labor-market report that came in better than expected, highlighting one consistently strong segment of the economy: jobs. That could give the Federal Reserve fodder to resume lifting rates.

The yield on the benchmark 10-year Treasury note TMUBMUSD10Y, +1.83% rose 3.9 basis points at 2.269%, while the yield on the two-year note TMUBMUSD02Y, +0.59% added 1.6 basis points at 1.359%, and the 30-year bond TMUBMUSD30Y, +1.54% known as the long bond, climbed 3.7 basis points to 2.844%.

Bond prices move inversely to yields.

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