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TREASURIES-US yields jump after stronger-than-expected jobs report

BY Reuters | ECONOMIC | 08:42 AM EDT

NEW YORK, April 3 (Reuters) - U.S. Treasury yields advanced on Friday after data showed the world's largest economy created a lot more jobs than expected last month, cementing expectations that the Federal Reserve will hold interest rates steady for longer and not cut them.

The benchmark 10-year yield rose 4.7 basis points after the jobs data to 4.36%, while the two-year yield, which reflects interest rate expectations, climbed 6.6 bps to 3.862% . (Reporting by Gertrude Chavez-Dreyfuss Editing by Tomasz Janowski)

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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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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