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March 5, 2021, 8:38 a.m. EST

10-year Treasury yield shoots above 1.60% after jobs report

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By Sunny Oh

U.S. Treasury yields climbed after the February jobs report showed higher-than-expected job gains, adding to doubts whether the Federal Reserve will able to stay as accommodative for as long as they have signaled. The 10-year Treasury note yield rose 6.2 basis points to 1.612%, a February high, while the 2-year note rate was up 0.6 basis point to 0.151%. The 30-year bond yield rose 3 basis points to 2.33%. The U.S. economy added 379,000 jobs in February, above the forecast of 210,000.

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