By John Spence
BOSTON (MarketWatch) -- Treasury prices fell sharply early Friday after the Labor Department said nonfarm payrolls dropped 54,000 in August as the decline wasn't as steep as economists had forecast. Yields on the 10-year note (UST10Y 2.67, +0.04, +1.52%) jumped 10 basis points to 2.73% in the wake of the highly anticipated jobs report. Meanwhile, yields on the 30-year bond (UST30Y 3.75, +0.04, +1.10%) also gained 10 basis points to 3.82%. Bond yields and prices move in opposite directions.
