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TREASURIES-US yields fall after jobs report
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TREASURIES-US yields fall after jobs report
Mar 8, 2024 6:12 AM

March 8 (Reuters) - U.S. Treasury yields fell in choppy

trading on Friday after employers added more jobs than

economists expected in February, while the unemployment rate

unexpectedly rose.

Employers added 275,000 jobs in February, above expectations

for 200,000 jobs gains. The unemployment rate rose to 3.9%. It

was expected to be unchanged at 3.7%.

Benchmark 10-year note yields fell to 4.038%,

the lowest since Feb. 2 and down from around 4.058% before the

data. Two-year note yields fell to 4.409%, the lowest

since Feb. 7, from 4.478%.

The inversion in the yield curve between two-year and

10-year notes narrowed by 4 basis points to minus

38 basis points.

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