NEW YORK (CNNMoney) -- After a surprisingly strong jobs report inspired investors to flee Treasuries in early trading Friday, prices regained lost ground.
The early sell-off followed news that the U.S. economy added 244,000 jobs in April, which was much better than expected.
Yields shot up, and prices dropped. But doubts emerged as investors dissected the numbers, according to Jim Vogel, head of interests rate strategies at FTN Financial.
"People started looking inside the payroll numbers and became a little skeptical of some of the jumps we saw during the month," Vogel said.
Then reports surfaced in German media that raised the possibility of Greece departing the euro zone. As investors sorted through the ramifications of that prospect, the dollar strengthened, and euro plummeted.
It was not immediately clear whether the report is credible.
"Now we have to look at Greece," Vogel said. "There are still fundamental questions that put a lot of things in doubt right now."
Greece has been struggling under the weight of massive debt obligations, and investors have worried for months that the problem might lead to default.
What yields are doing: The 30-year yield ticked up to 4.29%, the 2-year yield dropped to 0.56%, and the 5-year yield slipped to 1.87%.
The 10-year note's yield held steady at 3.15%.
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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