Treasury yields jump as strong jobs report likely to keep the Fed aggressive

Treasury yields rose Friday as traders digested strong numbers in the latest jobs report that is likely to keep the Federal Reserve aggressive against inflation.

The yield on the benchmark 10-year Treasury rose about seven basis points to about 3.084%, while the yield on the 30-year Treasury bond was up five basis points at 3.254%. Yields move inversely to prices, and a basis point is equal to 0.01%.

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