Mumbai, Feb. 6 -- Treasuries moved sharply higher in reaction to the latest U.S. jobs data. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, slumped 6.5 bps to 4.21%.

U.S. Treasury yields were lower on Thursday as investors reacted to a number of labor market data releases Thursday that revealed more signs of weakness.

The 10-year Treasury yield dropped 8 bps to 4.19% and the 30-year Treasury yield was more than 6 bps lower at 4.85%. The 2-year Treasury note yield was down more than 9 bps at 3.46%.

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