10-year Treasury yield rises after strong U.S. jobs report

U.S. Treasury yields rose Friday, after the latest jobs data came in better than economists anticipated.

The yield on the 10-year Treasury was up 8 basis points at 4.799%. It had hit a 16-year high at 4.887% earlier on Friday, but eased from its session highs. The yield on the 2-year Treasury was last trading at 5.085% after rising by 6 basis points.