Treasury yields extend weeklong yield climb after jobs report

Treasury yields added to their weeklong surge after the September employment report. The 10-year Treasury note yield TMUBMUSD10Y, +1.14% rose 2.4 basis points to 3.218%. The 2-year note yield TMUBMUSD02Y, +0.88% was up 1.3 basis points to 2.893%. The 30-year bond yield TMUBMUSD30Y, +1.11% climbed 3.2 basis points to 3.386%. Bond prices move in the opposite direction of yields. The Bureau of Labor Statistics reported the U.S. economy had added 134,000 jobs in September. Economists polled by MarketWatch had expected a reading of 168,000. July and August payroll numbers were revised higher. Average hourly earnings rose 0.3% in September, while the unemployment rate fell to 3.7% from 3.8%. Bond investors have been unnerved by the recent raft of stellar economic data, which has suggested the economy is picking up steam into the latter half of the year.

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