MW: U.S. bonds turn down, dollar gains more after data
By Deborah Levine
SAN FRANCISCO (MarketWatch) -- The dollar extended gains and Treasury prices turned lower on Friday after the U.S. Labor Department said the economy added 146,000 jobs in November, much more than economists expected. The effects of Hurricane Sandy and seasonal distortions were predicted to make the number appear much lower than recent months, which were revised down. The dollar index DXY +0.48% , which tracks the U.S. unit against a basket of six major rivals, rose to 80.593 from 80.499 before the report and 80.250 in North American trade late Thursday. The euro EURUSD -0.6410% declined to $1.2895 from $1.2968, falling before the data on reports about European rate cuts. Yields on 10-year notes 10_YEAR -0.75% , which move inversely to prices, turned up 4 basis points to 1.63%, after touching their lowest in more than two weeks.
