Government bond prices are falling after U.S. hiring picked up in June and as stock trading was less turbulent than the day before.
The price of the 10-year Treasury note fell $1.50 for every $100 invested. Its yield rose to 2.57 percent Friday from 2.39 percent late Thursday. Bond yields rise when their prices fall.
Treasury yields fell to 10-month lows on Thursday as a stock market rout led investors to pile money into government debt and other assets believed to be relatively safe. The Dow rose 61 points Friday after a day of big swings.
The U.S. economy added 117,000 jobs in July, the best in three months, the Labor Department reported. The unemployment rate fell to 9.1 percent from 9.2 percent. The results were slightly better than analysts were expecting.
The yield on the one-month Treasury bill was flat 0.01 percent, while the yield on the 2-year Treasury note was 0.30 percent, after brushing a record low of 0.26 percent earlier Friday.
In other trading, the yield on the 30-year bond rose to 3.86 percent from 3.66 percent late Thursday. Its price fell $3.84 per $100 invested.
In the market for Treasury bills, the yield on the 3-month bill remained flat at .01 percent. Its discount was unavailable.