US bond yields rise after key jobs report
U.S. bond prices rose after earlier dropping on Friday as all-important non-farm payrolls data fell short of forecasts.
The yield on the benchmark 10-year Treasury notes last fell to 2.206 percent, after closing at 2.234 percent on Thursday. The yield on the 30-year Treasury bond last fell to 2.861 percent.
Total nonfarm payroll employment rose by 215,000 last month, and the unemployment rate was unchanged at 5.3 percent. The economy was expected to have added 223,000 nonfarm payrolls in July, potentially enough to allow the Federal Reserve to pull the trigger on its first rate hike in nine years.
The Fed will consider hiking rates at its September 16-17 meeting, but economists say that even with a strong report, it is far from clear cut when the central bank will move off of the zero Fed funds target rate it has had in place since late 2008.
In addition to the non-farm payrolls data, consumer credit data will be released at 3 p.m. ET.
CNBC's Patti Domm contributed to this report
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