U.S. Treasuries Sold Off after Jobs Report

U.S. government debt prices fell sharply on Friday, after a report showed the U.S. economy added a better-than-expected 257,000 jobs in January.

The U.S. 10-year benchmark Treasury note yield was at 1.94 percent following the release, after closing at 1.815 percent on Thursday. Thirty-year bond yields were at 2.52 percent after closing at 2.422 percent on Thursday.

The unemployment rate edged higher but the U.S. economy added a better-than-expected 257,000 jobs in January, according to the latest data from the Bureau of Labor Statistics.  The consensus forecast for nonfarm payrolls in January is 230,000, while the unemployment rate is expected to remain unchanged at 5.6 percent.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.