TREASURIES-U.S. Treasury yields higher after jobs data

BY Reuters | TREASURY | 06/02/23 08:37 AM EDT

June 2 (Reuters) - Yields on U.S. Treasuries moved higher Friday after strong jobs data was released.

The yield on benchmark 10-year Treasury notes was up 2 basis points to 3.628%.

A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was last at -76.9 basis points. (Reporting by Ross Kerber Editing by Christina Fincher)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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