Treasury Yields Decline After Jobs Report

Treasury yields inched lower Friday after the Labor Department said that the U.S. economy created 215,000 new jobs in July, a number that was slightly below economists' expectations but still keeps the Federal Reserve on track to raise interest rates in the near future. The 10-year yield inched higher immediately after the report, but quickly reversed direction. In recent trading levels it was down 1.4 basis points on the day to 2.220%. The two-year Treasury yield rose 2.8 basis points to 0.737%, while the 30-year yield declined 1.3 basis point to 2.892%.