U.S. Treasury yields ahead of April jobs report

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U.S. Treasury yields dropped on Friday after April’s jobs report showed weaker-than-expected payrolls growth and an unexpected tick higher in the unemployment rate.

The yield on the 10-year Treasury was off by about 7 basis points to 4.5%. The 2-year Treasury yield was last 6 basis points lower to 4.814%. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.

This article was originally published by a www.cnbc.com

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