Mumbai, Feb. 12 -- Treasuries moved to the downside in reaction to the monthly jobs data. As a result, the yield on the benchmark ten-year note which moves opposite of its price, climbed 2.5 bps to 4.17%.

The 10-year Treasury yield moved higher in reaction to January job growth that was more than double what Wall Street economists had expected.

The benchmark yield was up more than 2 bps at 4.17% while the 2-year Treasury note yield surged more than 5 bps to 3.51%, reflecting reduced expectations for Federal Reserve interest rate reductions the rest of this year. The 30-year Treasury yield rose more than 2 bps to 4.81%.

Published by HT Digital Content Services with permission from Capital Market....