Bond Yields Rise On Jump In February Job Growth
Posted on March 08, 2013 at 18:02 PM EST
Prices of U.S. Treasuries fell on Friday, boosting benchmark yields to an 11-month high as data showed U.S. job growth picked up more than expected in February while the unemployment rate slipped to a four-year low. Nonfarm payrolls jumped by 236,000 jobs last month, the Labor Department said, substantially above economists' expectations of a 160,000 gain. "There's a lot to like in this report," said Terry Sheehan, an economic analyst with Stone &