Treasury Yields Fall After NFP Data

Treasury yield on 10-year bonds slides below 1.5%, extending a remarkably volatile week.

U.S. government bonds rallied after a better-than-expected jobs report Friday, sending the yield on the benchmark 10-year Treasury note below 1.5% for the first time in about a month.

The yield on the 10-year note recently traded at 1.467%, namely down from 1.524% at Thursday’s session close, whereas the 30-year Treasury yield slipped to a recent 1.896%, down from 1.963%.

As the U.S. inflation rate reached a 13 year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. Investors and consumers are still digesting the economic data to expect next market developments.