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US Treasury yields lower after jobs report beat

Bond traders at CME Group
Getty Images

U.S. government debt prices traded in a range on Friday after the release of a better-than-expected jobs report.

One of the most anticipated employment reports of the year, it is the most important data the Fed will see before it meets on December 15 and 16 to consider its first rate hike in nine years.

The Labor Department said the U.S. economy added 211,000 jobs last month, with the unemployment rate unchanged at 5 percent. Economists expected 200,000 nonfarm payrolls and an unchanged unemployment rate of 5 percent.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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The yield on the benchmark 10-year Treasury note was lower on Friday, at 2.2738 percent, after closing at 2.328 percent. The benchmark yield also hit its highest level since Nov. 9 following the jobs report release.

The yield on the 30-year Treasury bond was also lower, at 3.0083 percent, after closing at 3.073 percent.

Two-year notes yielded 0.9468 percent, below Thursday's close, after nearly hitting 1 percent. Five-year notes yielded 1.7022 percent.

In oil markets, Brent crude traded at around $43.08 a barrel on Friday, down 1.8 percent, while U.S. crude settled 2.7 percent lower at $39.97 a barrel, after OPEC said it would roll over its policy.

— CNBC's Patti Domm contributed to this report