Long-dated U.S. Treasury yields fell sharply on Friday after the Labor Department reported the economy had added 266,000 jobs in April, falling well short of the 1 million gains forecast by MarketWatch-polled economists. The 10-year Treasury note yield was down 6.6 basis points to 1.495%, while the 30-year bond yield tumbled 5.5 basis points to 2.181%. Prior to the report, investors were expecting that a strong jobs report would add to the case for faster pace of liftoff from the Federal Reserve’s easy-money policies.
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