Treasury Yields Climb On Strong June Jobs Report

Treasury yields climbed Friday to their highest level in a week after the official jobs report for June beat expectations, marking the biggest increase in payrolls since last fall and offering reassurance that the economy has rebounded after a soft patch earlier in the year. The 10-year Treasury yield , the U.S. market's benchmark, gained 2 basis points to 1.407%, its highest level in a week, while the yield on the 2-year note gained 3.6 basis points to 0.625%, according to Tradeweb.The 30-year yield rose 0.4 basis point to 2.146%. Yields rise when prices fall and a basis point is equal to one hundredth of a percentage point.