By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices turned sharply higher after a monthly jobs report showed the U.S. created 162,000 jobs in July, bringing the unemployment rate down to 7.4%. That missed optimistic expectations of 180,000 new jobs. Prices on Treasurys, which had been lower on the day, swung higher. The benchmark 10-year note 10_YEAR +0.96% yield, which moves inversely to price, fell 6 basis points on the day to 2.648%, while the 30-year bond 30_YEAR +0.21% yield fell 3.5 basis points to 3.720%, and the 5-year note 5_YEAR +1.27% yield fell 8 basis points to 1.414%.
