Unemployment Rate and Treasury Yields

jobs: The economy added 151,000 jobs in January, which fell below economists’ expectations, but the unemployment rate declined to its lowest reading in eight years, according to Market Watch. But as the day wore on, investors appeared to take a more negative view of the jobs report, and demand for Treasurys increased. Prices had fallen early in the day, pushing yields higher, following news that the pace of hiring in the U.S. slowed in January, even as wages rose sharply. Treasury yields and prices move in opposite directions, rising when prices fall and vice versa. Over the week, the benchmark yield lost around 9 basis points. Read:Four reasons the January jobs report is fishy The yield on the 10-year Treasury note TMUBMUSD10Y, +0.00% the Treasury market benchmark closed down 1.8 basis point at 1.846%, its lowest level since April 3. (news.financializer.com). As reported in the news.