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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