Treasuries Drop After Consumer Sentiment Report, Jobs Data

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Treasuries were primarily lower around midday Friday after the consumer sentiment survey from the University of Michigan pointed to improving confidence in the U.S.

The November jobs report came in

weaker than expected and showed that the unemployment rate has reached 5.7%. The data initially helped Treasuries climb.

The two-year note was flat at 99 22/32, yielding 3.16%. The five-year was losing 12/32 to 95 27/32, yielding 4.45%. The 10-year Treasury was down 28/32 to 99 1/32, yielding 5.13%, and the 30-year bond was lower by 1 23/32 to 97 1/32, with a yield of 5.58%.