US Treasury yields lower as stocks fall

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U.S. Treasury yields fell on Friday after the December jobs number handily beat expectations and stocks lost ground toward the end of trading.

The U.S. economy added 292,000 jobs last month, well above the expected 200,000.

The yield on the benchmark 10-year Treasury note was lower at 2.1147 percent, while the yield on the 30-year Treasury bond traded at 2.9056 percent. Yields move inversely to a bond's price.


Job growth comes as the economy is struggling in other areas.

Recent reports have shown a clear contraction in manufacturing as well as a sharp decline in exports. Corporate profits are in a recession as well, with the fourth-quarter earnings season expected to show an annualized drop of about 5 percent.

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Other data released Friday included wholesale trade, which fell more than expected. Consumer credit is also due at 3:00 p.m.

In oil markets, Brent crude and U.S. crude prices both lost ground. WTI settled 0.33 percent lower.

— CNBC's Patti Domm and Jeff Cox contributed to this report