Treasurys mixed after jobs report

By Hibah Yousuf, staff reporter


NEW YORK (CNNMoney.com) -- Treasury prices were mixed Friday after an employment report from the government showed the first monthly decline in U.S. payrolls this year.

What prices are doing: The price of the 10-year note fell 8/32 to 104-15/32 and its yield held steady at 2.98%.

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The 2-year bond was flat at 100 with a yield of 0.63%, and the 5-year note held steady at 100-10/32, yielding 1.82%.

Meanwhile, the 30-year bond fell 27/32 to 107-19/32 with a 3.94% yield.

What's moving the market: Demand for the safety of government debt was tepid after a report showed a larger-than-expected monthly decline in jobs, as investors entered a long holiday weekend.

The Labor Department said 125,000 jobs were lost last month, the first decline in U.S. payrolls this year. The drop was largely due to the loss of 225,000 census jobs that had inflated payrolls by 433,000 net jobs in the previous month.

Economists had expected the labor market to shed 100,000 jobs in June, according to a consensus estimate from Briefing.com.

Meanwhile, the unemployment rate fell to 9.5% from 9.7% in May, coming in lower than the 9.8% rate expected by economists.  To top of page

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