TREASURIES-Bonds fall after mixed Jan. payroll data

NEW YORK Feb 5 (Reuters) - U.S. government debt prices fell on Friday, wiping out earlier gains, after a mixed January report on U.S. employment.

The U.S. Labor Department said employers shed 20,000 jobs last month, but the jobless rate fell to 9.7 percent. Analysts polled by Reuters had forecast a net job gain of 5,000 and an unemployment rate of 10.1 percent. [ID:nN04115255]

The price on benchmark 10-year notes US10YT=RR last traded down 6/32 in choppy trading since the jobs data. They had been up 4/32 shortly prior to the data release.

Their yield, which moves inversely to their price, was 3.63 percent, compared with 3.59 percent before the jobs report. (Reporting by Richard Leong; Editing by Padraic Cassidy)