U.S. government bond yields reversed an early climb and closed lower Thursday, with investors weighing persistent worries about the economic outlook against a better-than-expected monthly jobs report. The yield on the 10-year Treasury note, a key benchmark for borrowing costs on everything from mortgages to student loans, climbed above 0.71% in the wake of Thursday morning’s data, according to Tradeweb. But it then retraced the move, settling at 0.670%, compared with 0.682% on Wednesday. Bond yields rise as prices fall. …
