U.S. Government Bond Yields Fall After Jobs Data

U.S. government bonds rallied after a better-than-expected jobs report Friday, sending the yield on the benchmark 10-year Treasury note below 1.5% for the first time in about a month.

The yield on the 10-year note closed at 1.451%, according to Tradeweb, its lowest level in six weeks and down from 1.524% on Thursday. The 30-year Treasury yield slipped to 1.885% from 1.963%.