Treasuries Slide on June Jobs Report


U.S. Treasuries extended price losses and 10-year yields rose to their highest levels in almost two years on Friday, after data showed that employers added more jobs than were expected in June.

Benchmark 10-year notes were last down 1-5/32 in price to yield 2.65 percent, after getting as high as 2.67 percent immediately after the data, its highest level since August 2011.

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Treasuries yields have surged on expectations that the Federal Reserve will begin paring back its bond purchase program as the economy improves.