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MW: Treasury, dollar gain as Obama speaks
 
By Deborah Levine

NEW YORK (MarketWatch) -- Treasury prices extended gains, pushing 10-year yields below 3%, and the dollar headed back towards the highs of the session Friday as President Obama spoke after a very weak jobs report for June. Yields on 10-year notes 10_YEAR -4.01% , which move inversely to prices, fell as much as 15 basis points to 2.99%, after trading near 3.03% before Obama began his speech. The euro EURUSD -0.87% fell to $1.4232 from $1.4353 in late North American trading Thursday. The dollar index DXY +0.34% , which measures the U.S. unit's value against a basket of six major currencies, traded at 75.262, up from 74.938 late Thursday.
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