Bonds fall on upbeat jobs data

By Julianne Pepitone, staff reporter


NEW YORK (CNNMoney.com) -- Treasury prices fell Friday, a holiday-shortened trading day, after the jobs report showed its biggest jump in three years.

The bond market closed at noon ET in observance of Good Friday. The stock market was closed.

chart_ws_bond_10yearyield.03.png
Click chart to view current prices and yields.

What prices are doing: The benchmark 10-year note fell 16/32 to 97-5/32 and its yield rose to 3.94% from 3.87% late Thursday. Bond prices and yields move in opposite directions.

The 30-year bond fell 1 point to 97-3/32 with a yield of 4.80%. The 2-year note edged down 1/32 to 99-8/32 and yielded 1.11%.

Bonds fluctuated throughout the week, ending flat Monday after the government's sale of $118 billion in notes last week garnered lackluster demand. Prices remained unchanged Tuesday.

On Wednesday, a report from payroll processing firm ADP showed private employers shed 23,000 jobs in March, which sent bonds higher on risk aversion. But they turned down on Thursday after upbeat manufacturing and jobless claims data were released.

What's moving the market: The Labor Department's monthly report showed the economy gained 162,000 jobs in March, compared to a revised reading of a 14,000 job loss in February.

That was its biggest jump in three years, and it makes March only the third month since the start of 2008 that employers added jobs. Still, it missed estimates from economists surveyed by Briefing.com, who had forecast a gain of 184,000 jobs. Plus, nearly a third of the jobs are temporary census positions.

The Treasury department announced a new supply of government debt Thursday and plans to auction $82 billion in securities next week. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.