Treasury Yields Waver After Jobs Data

Treasury yields wavered Friday as investors struggled with how to interpret the Labor Department's September jobs report. Initially declining after the data were released, the 10-year yield rose 2.4 basis points to 1.760%. The two-year yield was marginally lower at 0.850%. The 30-year yield climbed 3.1 basis points to 2.485%. Bond prices move inversely to yields. The U.S. economy added 156,000 jobs in September, falling short of investors expectations, while the unemployment rate ticked higher to 5%. But traders quickly determined that the data wouldn't stop the Fed from raising interest rates later this year. "Even though September nonfarm payrolls weren't quite as high as expected, Janet Yellen has still been given all the ammunition she needs for a December rate hike," said Dennis de Jong, managing director of UFX.com, referring to the Fed Chairwoman.