NOTE: The U.S. bond market is closed on Monday, October 8.
The benchmark 10-year Treasury yield hit its highest level since 2011 on Friday after the Labor Department's monthly jobs report showed another month of rising wages and a sharp revision higher to August's nonfarm payrolls.
The unemployment rate dropped to 3.7 percent, a level not seen in nearly 50 years, the government said, even as job creation for September fell to its lowest level in a year. The Labor Department also adjusted August's nonfarms payroll number up dramatically, to 270,000 from 201,000.
Closely-watched average hourly earnings rose 8 cents — or 0.3 percent — over the month, matching August's gain. That brings the year-over-year increase in wages to 2.8 percent.
The report adds to the now-widespread view that the labor market is near or beyond full employment and shows wages are starting to accelerate higher, which could be a worry for the Federal Reserve trying to keep a lid on inflation.
The yield on the benchmark 10-year Treasury note was higher at 3.233 percent at 4:00 p.m. ET, just off it's highest level since May 2011, which it hit earlier in the session.
The yield on the 30-year Treasury bond was up at 3.401 percent, its highest level since 2014. Bond yields move inversely to prices.