10-year Treasury yield moves higher on stronger-than-expected January jobs report

One basis point is equal to 0.01%, and yields and prices move in opposite directions.The benchmark yield was up more than 2 basis points at 4.172%, while the 2-year Treasury note yield surged more than 5 basis points to 3.512%, reflecting reduced expectations for Federal Reserve interest rate reductions the rest of this year. The 30-year Treasury yield rose more than 2 basis points to 4.813%.The 10-year Treasury yield moved higher in reaction to January job growth that was more than double what Wall Street ...