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.
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.
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured 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% |
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% |
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