Benchmark 10-year Treasury yields rose to trade around 2.33 percent on Friday, after closing at 2.245 percent on Thursday. They traded at about 2.23 percent ahead of the report's release.
10-year yield intradaySource: FactSet
Meanwhile, yields on the 30-year Treasury rose to 3.0929 percent Friday morning after finishing at 3.012 percent Thursday. Yields broke the 3 percent handle for the first time in six weeks earlier in the week. They traded at about 2.99 percent ahead of the report.
In shorter term maturities, yields were also higher. Two-year yields traded around 0.9 percent after hitting 0.958 percent, their highest levels since May 2010.
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"The obvious is that the Oct payroll data makes a Dec move almost a certainty. With the FOMC bent on delivering their first move before year end, they are less concerned with the details than the optics and the optics of this report are quite strong. To say the details are strong enough to wipe out concerns the economy has shifted to a lower pace of expansion is, however, a bit of an overstatement," Steve Blitz, chief economist at ITG Investment research, said in a note.
Just one other monthly employment report is due before the Federal Reserve meets December 15 and 16.
Other data released Friday includes the latest consumer credit figures for September at 3:00 p.m.
Chicago Fed President Charles Evans spoke with CNBC after the report was released and said string jobs growth will help push inflation to the Fed's 2 percent target.
A "very good" U.S. jobs report for October on top of faster than expected progress over the last year means the U.S. economy is effectively at full employment, St. Louis Fed President James Bullard said in a Reuters report Friday.
Lael Brainard speaks at an IMF conference after the closing bell.