Treasury Yields Close Lower as Economic Outlook Overshadows Jobs Report

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. …

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