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Treasury prices fall on unemployment report
Quick ReadTraders seize on bright spots in unemployment report to send Treasury prices lower
(AP) — Treasurys took a slide on Friday after the latest Labor Department report showed private employers added more jobs than economists expected.
The price of the benchmark 10-year note slipped 65.625 cents in late trading Friday, falling to $99.313. That pushed the yield up to 2.71 percent from 2.63 percent the day before. When bond prices fall, their yields rise.
Traders tend to...
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