MW:Treasury yields spike after positive jobs report
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices sank Friday after a jobs report blew past Wall Street expectations, pushing yields sharply higher as investors took a more positive tone on the pace of the economic recovery. The U.S. created 288,000 jobs in April, compared with forecasts of 215,000. The 5-year Treasury note 5_YEAR +5.53% yield, which rises as prices fall, jumped the most, climbing 8.5 basis points on the day to 1.735%. It has been at 1.666% before the report. The 10-year note 10_YEAR +2.71% yield rose 6 basis points to 2.666%, and the 30-year note 30_YEAR +1.20% yield rose 2.5 basis points to 3.430%.
