PrintTREASURIES-US yields jump on stronger than expected jobs gains
BY Reuters | TREASURY | 08:40 AM EDTNEW YORK, June 5 (Reuters) - U.S. Treasury yields jumped on Friday after data showed that employers added more jobs than economists expected in May.
Employers added 172,000 jobs during the month, far above the expected 85,000 in jobs gains.
The 2-year note yield, which typically moves in step with Federal Reserve interest rate expectations, rose 6.5 basis points to 4.114%.
The yield on benchmark U.S. 10-year notes rose 5.3 basis points to 4.53%, from 4.477% late on Thursday.
The yield curve between two- and 10-year notes flattened by around a basis point to 41 basis points. (Reporting by Karen Brettell; Editing by Toby Chopra)
