Treasury Yields Fall After Jobs Report

Treasury yields moved lower Friday morning after the Labor Department said that the U.S. economy created a modest 173,000 new jobs in August, the smallest gain in five months. Initially yields rose after the report's release, but fell in recent trade. On balance, the 10-year Treasury yield moved 0.7 basis point lower on the day to 2.163%. Meanwhile, the two-year yield rose by 2.5 basis points to 0.721% and the 30-year yield shaved off 2.6 basis points to 2.921%. Treasury yields and prices move in opposite directions.