Treasury yields slip after June employment report

Treasury yields slipped after the data showed the U.S. economy added more jobs than expected in June. The 10-year Treasury note yield fell 2 basis points to 2.820%. The 2-year note yield declined 2 basis points to 2.541%. The 30-year bond yield ticked lower by 1.4 basis points to 2.938%. Bond prices move in the opposite direction of yields. The U.S. economy added 213,000 jobs in June, above the 200,000 forecast from economists surveyed by MarketWatch. Average hourly earnings in June logged an increase of 0.2%, below the 0.3% rise expected. The unemployment rate rose to 4%, but was offset by the increase in the labor force participation rate, which rose by 0.2 percentage point to 62.9%.