Markets & Finance

Treasuries Lower

On Friday, it was all about December nonfarm payroll jobs gaining 157,000, just shy of consensus and within the six-month average. Earlier in the day, 10-year treasuries had moved higher, after the release of jobs data. There was some relief that the number was not a bigger disappointment, given soft employement signs in December Chicago PMI and ISM, and a jump in jobless claims. Plus, November jobs growth was revised higher, and unemployment went unchanged at 5.4%. But by the end of the day, the market shed the gains on the weaker-than-expected December jobs data.

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