Bonds

US Treasury yields mixed in choppy trade after strong jobs report

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U.S. government debt prices were mixed on Friday as investors digested the release of jobs data.

The U.S. economy added 211,000 jobs last month, according to the Bureau of Labor Statistics. Economists polled by Reuters expect the U.S. economy to have added 185,000 jobs last month versus 98,000 in March.

Average hourly earnings rose 0.3 percent and the unemployment rate fell to 4.4 percent.

Economists polled by Reuters expected the U.S. economy to have added 185,000 jobs last month versus 98,000 in March.

The yield on the benchmark 10-year Treasury note traded lower at 2.349 percent after briefly falling, while the 30-year bond yield also dipped to 2.987 percent.

Meanwhile, the short end of the yield curve rose, with the two-year note yield trading higher at 1.322 percent. Yields move inversely to prices.

Treasurys


In oil markets, Brent crude traded at around $49.15 a barrel on Friday, up 1.59 percent, while U.S. crude was around $46.31 a barrel, up 1.74 percent.

Oil prices struck a new 2017 low on Thursday as mixed U.S. stockpile data compounded bearishness that has permeated the energy complex in recent weeks.

U.S. West Texas Intermediate crude fell below $46 and international benchmark Brent breached $49, both sinking to the lowest level since Nov. 30, the day the Organization of the Petroleum Exporting Countries agreed to cut output.

—CNBC's Tom DiChristopher contributed to this report.