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Treasury yields come off intraday highs after November jobs report

Treasury yields came off their session highs after the November nonfarm payrolls report showed the U.S. economy had added less jobs than expected. The 10-year Treasury note yield was mostly flat at 2.877%, down from its session high at 2.903%, while the 2-year note yield was down 0.4 basis point to 2.754%. The 30-year bond yield is up 1.4 basis points to 3.148%. Bond prices move in the opposite direction of yields. The economy added 155,000 jobs in November, while the unemployment rate remains steady at 3.7%. Economists polled by MarketWatch had forecast a gain of 190,000 jobs. Average hourly earnings rose 0.2%.

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