Getting your player ready...
NEW YORK — Bond yields jumped again Friday as a sell- off in Treasury notes continued, an ominous sign for anyone looking to buy a home or refinance their loans.
Bond traders were caught off guard by a monthly report from the Labor Department showing that job losses slowed much more than expected in May, in the latest encouraging sign for the labor market.
In late trading, the yield on the 10-year Treasury note rose to 3.84 percent from 3.71 percent late Thursday, as its price fell 1A/cb to 94D/cb. The yield, which is a widely used benchmark for mortgages and other kinds of loans, jumped as high as 3.91 Friday, the highest level since November.
