U.S. government-bond yields climbed Thursday after data showed the economy added more jobs than expected last month, a sign of rebounding growth in the wake of pandemic shutdowns. The yield on the 10-year U.S. Treasury note, a key benchmark for borrowing costs on everything from mortgages to student loans, rose to a recent 0.704%, according to Tradeweb, from around 0.679% earlier in the session. Bond yields rise as prices fall.

Source: Wall Street Journal July 02, 2020 13:45 UTC