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12/3/2021, 5:24 PM (Source: TeleTrader)
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Treasury yields fall after disappointing jobs data

Yields on United States Treasuries fell on Friday as investors digested worse-than-expected jobs data. The US Bureau of Labor Statistics earlier said that nonfarm payrolls in the country rose by 210,000 in November, which is significantly less than analysts had expected.

The yield on the benchmark 10-year Treasury note was down 5.5 basis points to 1.392% at 11.20 am ET, dropping below 1.4% for the first time since late September. The yield on the 2-year note lost 0.8 basis points to hit 0.609% at11:20 am ET and the yield on 30-year debt decreased by 4.9 basis points to 1.719%.

Bond futures, which move in the opposite direction to yields, were mostly higher. The 2-year note futures were flat at 11:11 am ET, the 10-year note futures rose 0.29% and the 30-year Treasury futures climbed 0.40% at the same time.

Baha Breaking the News (BBN) / NP