The benchmark 10-year yield, which dropped to 1.469%, the lowest since March 4, was last up 1.6 basis points (bps) on the day at 1.5771%, holding below a 14-month high of 1.776% reached on March 30. (File pic shows the U.S. Treasury Department building in Washington, D.C., - Reuters)
CHICAGO: United States Treasury yields rebounded after hitting two-month lows on Friday, following data that showed a much smaller-than-expected jobs gain in April, with yields on longer-dated debt rising for the session as investors remained confident the economy was on the road to a strong recovery.
The benchmark 10-year yield, which dropped to 1.469%, the lowest since March 4, was last up 1.6 basis points (bps) on the day at 1.5771%, holding below a 14-month high of 1.776% reached on March 30.
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