Treasury Yields Touch Recent Highs AfterJobs Report

Treasury Yields Touch Recent Highs AfterJobs Report

Yields on U.S. government bonds held gains Friday after new data showed a big jump in employment in February, further fueling investors' bets on a strong economic rebound that could lead the Federal Reserve to raise interest rates sooner than previously expected.

In recent trading, the yield on the benchmark 10-year U.S. Treasury note was 1.575%, according to Tradeweb. That was down from 1.626% right after the report but still up from 1.547% Thursday.

Yields, which rise when bond prices fall, have been surging for weeks based largely on investors' hopes for the near future, when vaccines may have tamed the coronavirus pandemic even as the government continues to pump money into the economy with various stimulus programs.

Some solid economic data, though, has also helped—the latest coming Friday when the Labor Department said that the economy added 379,000 jobs in February, much more than economists had anticipated.





Friday's move also comes a day