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Treasury Yields Tick Higher, Reversing Post-Jobs Report Decline

NYSE

Traders work on the floor of the New York Stock Exchange.

U.S. Treasury yields made back some ground on Friday, after initially falling on April's jobs report that fell short of expectations.

The yield on the 10-year Treasury note was flat at 1.579%%. Earlier it hit 1.469%, its lowest level since March

The yield on the 30-year Treasury bond traded at 2.249%, or about three basis points lower.

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000. The unemployment rate rose to 6.1%.

Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.

Tech stocks initially rallied on the dip in yields, since lower yields are viewed as a boon for growth-oriented areas of the market.

CNBC's Thomas Franck contributed to this report.

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