10-year Treasury yield up 1.3 basis points at 2.829%

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Treasury yields maintain rise after jobs report

Treasury yields maintained gains on Friday after the jobs report. The 10-year Treasury note yield was up by 0.8 basis point to 2.875%. The 2-year note yield picked up 1.4 basis point to 2.875%. The 30-year bond yield rose 1.5 basis point to 3.147%. The U.S. economy added 313,000 jobs in February, the biggest monthly gain since mid-2016. While, average hourly earnings rose by a muted 0.1%. Economists surveyed by MarketWatch were expecting the U.S. economy to add 222,000 jobs and for the unemployment rate to drop to 4.0%. Average hourly earnings were forecast to slow to 0.2%, from 0.3% on March.

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