Treasury Yields Jump

Bond prices were tumbling and yields were soaring Friday morning after the Labor Department's latest jobs report was stronger than some fixed-income traders were expecting.

The 10-year note was dropping 17/32 in price to 100 11/32, yielding 4.58%, and the 30-year bond was slumping a point to 100 16/32, yielding 4.72%. Yields and prices move in opposite directions.

On the shorter end, the two-year was down 6/32 to 100 6/32, yielding 4.65%, and the three-year was lower by 8/32 to 100 14/32, yielding 4.58%. The five-year lost 12/32 to 100 12/32 and was yielding 4.54%. ...