⭕ U.S. Treasury yields rose on Friday after data showed that employers added more jobs than expected in April, while the unemployment rate remained unchanged on a monthly basis.
⏪ Non-farm payrolls rose by 177,000 jobs last month, after the March reading was revised down to 185,000. The unemployment rate remained unchanged at 4.2%.
⏪ The yield on 10-year Treasury bonds recorded 4.266%, up from around 4.235% before the data was released, while the yield on 2-year bonds, sensitive to interest rates, stood at 3.740%, only slightly higher than its level before the report, after temporarily jumping to 3.776%.
⏪ The gap between the yields on 2-year and 10-year bonds widened by about one basis point to reach 52 basis points.
