The U.S. Treasuries plunged Friday after reading a rise in the country’s non-farm payrolls data for the month of June and as investors have largely shrugged off the rise in unemployment rate for the same period.
The yield on the benchmark 10-year Treasury, jumped 2 basis points to 2.38 percent, the super-long 30-year bond yields climbed 3-1/2 basis points to 2.94 percent and the yield on short-term 2-year note traded nearly flat at 1.40 percent by 13:10GMT.
The U.S. economy added a better-than-expected 222,000 new jobs in June and the unemployment rate held at 4.4 percent, according to a government report Friday. Economists surveyed by Reuters had been expecting nonfarm payrolls growth of 179,000 and the unemployment rate to be 4.3 percent.
However, the unemployment rate rose to 4.4 percent from a 16-year low of 4.3 percent, because more people were looking for work, a sign of confidence in the labor market. The jobless rate has dropped four-tenths of a percentage point this year and is near the most recent Fed median forecast for 2017.
Meanwhile, the S&P 500 Futures traded 0.19 percent higher at 2,413.25 by 13:20GMT, while at 13:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 22.98 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Gold Prices Slip as U.S.-Iran Conflict, Fed Rate Hike Bets Pressure Precious Metals
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations
European Regulators Clash With U.S. Treasury Over Private Credit Transparency
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 



