U.S. government debt prices traded in a wide range Friday, as investors digested weaker-than-expected U.S. employment data.
The U.S. economy added 160,000 jobs in April. Economists had forecast job gains of 202,000 in April, according to Thomson Reuters. The unemployment rate held steady at 5 percent, while average hourly earnings had a 2.5 percent annualized gain.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose to 1.783 percent. The yield on the 30-year Treasury bond also climbed to 2.635 percent. Two-year yields, meanwhile, traded at 0.738 percent.
After the release, most U.S. Treasury yields briefly fell to nearly four-week lows, and the two-year yield dipped to its lowest level since Feb. 12.