Treasury prices tumbled, leading yields to rise, after the U.S. added 255,000 jobs in July, a number that exceeded expectations and was the second-straight strong gain, after June's stellar report. The yield on the 10-year Treasury note TMUBMUSD10Y, +1.88% the U.S. benchmark, climbed 3.5 basis points to 1.542%. Yields and prices move in opposite directions and one basis point is equal to one hundredth of a percentage point. The yield on the benchmark two-year note TMUBMUSD02Y, +6.69% which is the most sensitive to interest-rate-hike expectations added 5.1 basis points to 0.698%. The yield on the 30-year bond TMUBMUSD30Y, +0.45% gained 3.1 basis points to 2.287%.
