The two-year note firmed 1/32, with the yield falling to 0.821%. The ten-year note was ticking 0/32 higher, with the yield pushed down to 3.468% and the 30-year bond increased 3/32, lowering the yield to 4.505%. The Federal Reserve Bank of New York President, William C. Dudley, told the press, during a visit to San Juan, Puerto Rico, that the central bank still plans follow through with its $600 billion treasury-buying program. Dudley said the program, expected to conclude at the end of June, was still necessary because of the shaky economic recovery. The policy maker spoke after a strong jobs report was published Friday.
NEW YORK (TheStreet) -- U.S. Treasury bonds were reversing earlier losses after a key Federal Reserve policy maker reaffirmed the central bank's intention to follow through on stimulus plans, despite more signs that the economy has recovered.
Natural gas futures tumbled Friday on milder weather. Natural gas for May delivery fell 2% to $4.30 per million British thermal units, breaking a two-day winning streak.
Corn was extending gains following Thursday's USDA report on lower corn inventories. Corn for May delivery was rising 5.7% to $7.32 ¾ a bushel Friday after the USDA said corn stocks dropped 15% from a year ago to 6.52 billion bushels on March 1.
(Published at 10:09 am ET) Treasury bonds were falling Friday morning as a positive employment report triggered thoughts of possible monetary tightening by the U.S. Federal Reserve.
>> Economy Adds 216,000 Jobs in March Treasury exchange traded funds were falling in morning trading. iShares Barclays 1-3 Year Treasury Bond Fund ( SHY) was falling 0.2% to $83.61, iShares Barclays 20+ Year Treasury Bond Fund ( TLT) was falling 0.7% to $91.49 and iShares Barclays 10-20 Year Treasury Bond Fund ( TLH) was unchanged at $111.80.
The dollar was gaining against the Swiss franc and Japanese yen after the release of the surprising U.S. employment report.
>> Dollar Glimmers on Employment Data The greenback was also gaining against the Norwegian krone, up 0.1% to NOK 5.54008, which had outpaced the dollar on Thursday on expectations of interest rate hikes, strong retail sales numbers and a rebound in oil prices.
>> Norwegian Krone Sparkles With Oil Oil stocks were advancing in morning trading as light sweet crude oil for May delivery fell 0.1% to $106.58 a barrel. BP ( BP) was rising 2.9% to $45.40, Chevron ( CVX) was rising 0.3% to $107.77, Total S.A. ( TOT) was trading sideways at $60.99. >>Search for Highest Dividends by Rate or Yield
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