Treasury yields declined on Friday after the November jobs report showed the U.S. economy added 178,000 jobs last month, slightly below expectations. The 10-year yield fell five basis points to 2.399%, while the two-year yield shed 3.5 basis points to 1.116%. The 30-year yield lost 5.2 basis points to 3.057%. Despite the strong headline number, a lackluster reading on average hourly earnings, which slumped 0.1% in November, helped weigh on Treasury yields by dampening inflation expectations.
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