Treasurys Fall, Dollar Strengthens After Jobs Data
MarketWatch Pulse
Dec 06, 2013 8:44 AM EST
Data showing that the U.S. economy added 203,000 jobs in November pushed Treasury prices lower and the U.S. dollar higher. Gains in the labor sector pulled the unemployment rate down to 7.0%, its lowest rate since 2008. After the data, the benchmark 10-year note yield, which rises as prices fall, was up 1.5 basis points at 2.895%, while the 30-year bond yield rose half a basis point to 3.921%. The 5-year note yield rose 3 basis points to 1.517%. The U.S. dollar strengthened to 102.69 yen from 102.22 yen. The ICE dollar index , which measures the strength of the dollar against its rivals, rose to 80.437.