NEW YORK, Dec 3 (Reuters) - Longer-dated U.S. Treasury

yields rose on Tuesday after labor market data showed faster

than expected job creation, but demand kept high as investors

seeking safe haven from geopolitical uncertainty in Asia bought

Treasuries.

U.S. job openings increased moderately in October while

layoffs declined, suggesting the labor market continued to slow

in an orderly fashion.

Job openings, a measure of labor demand, had risen 372,000

to 7.744 million by the last day of October, the Labor

Department's Bureau of Labor Statistics said in its Job Openings

and Labor Turnover Survey, or JOLTS report, on Tuesday.

Economists polled by Reuters had forecast 7.475 million

vacancies. Layoffs decreased 169,000 to 1.633 million.

The yield on the benchmark U.S. 10-year Treasury note

rose 1.1 basis points to 4.205%. The two-year

U.S. Treasury yield, which typically moves in step

with interest rate expectations, fell 2.1 basis points to

4.177%.

A closely watched part of the U.S. Treasury yield curve

measuring the gap between yields on two- and 10-year Treasury

notes, seen as an indicator of economic

expectations, was at a positive 2.6 basis points.

South Korean President Yoon Suk Yeol on Tuesday declared

martial law for the first time since 1980 in a surprise

late-night TV address, slamming domestic political opponents and

sending shockwaves through the country.

Yoon said opposition parties had taken the parliamentary

process hostage. He vowed to eradicate "shameless pro-North

Korean anti-state forces" and said he had no choice but to take

the measure to safeguard constitutional order.

Yonhap news agency cited the military as saying activities

by parliament and political parties would be banned, and that

media and publishers would be under the control of the martial

law command. The South Korean won tumbled to a two-year low as

investors fled from the currency and assets linked to the

country.

"Yields went up a couple of basis points after the JOLTS

report, but markets do not think a higher job creation number

changes the Fed's view as expressed by governor Waller on

Monday", said Angelo Manolatos, macro strategist at Wells Fargo.

"There was also some buying at the front-end by investors

fleeing uncertainty", Manolatos added.

Lou Brien, strategist at DRW Trading in Chicago, also noted

the safe haven effect. "There might have been a little bit of a

bid in Treasuries, sort of a safety play there, because it looks

like people are getting out of South Korean ETFs."