RTRS: TREASURIES-Bonds rise after bigger-than-forecast drop in jobs
NEW YORK, Dec 5 (Reuters) - U.S. Treasury debt prices rose on Friday after data showing that non-farm payrolls contracted by a much larger amount than expected in November, giving more impetus to buy into the safety of government bonds.
Trade was choppy following the data, which showed November's job losses were the steepest since December 1974.
Benchmark 10-year Treasury notes were trading 10/32 higher in price for a yield of 2.52 percent compared with 2.56 percent late on Thursday. Benchmark yields, which move inversely to prices, are trading at the lowest in over five decades. Two-year Treasury notes were trading 2/32 higher in price for a yield of 0.78 percent against 0.82 percent. (Reporting by Chris Reese; Editing by Chizu Nomiyama)
