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Bond Report: 30-year Treasury yield notches biggest daily jump in more than a month

Treasury prices ended lower on Friday, nudging yields up, after briefly rallying following a weaker-than-expected August jobs report.

Selling gathered steam after a U.S manufacturing sentiment gauge hit a six-year high.

But Friday’s moves gave little direction to the week, as Treasury yields across the board returned close to where they had started on Monday. Geopolitical tensions in North Korea and another soft inflation reading for July were counteracted by investor concerns that Treasury yields were too low.

The yield on the benchmark 10-year Treasury yield TMUBMUSD10Y, +2.34% rose 3.5 basis points to 2.157%, trimming the weeklong yield decline to 1.2 basis points.

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