NEW YORK, July 5 Prices for U.S. 30-year
Treasuries slumped three points on Friday after a solid payrolls
report boosted speculation that the U.S. Federal Reserve will
slow its massive bond buying program soon.
The 30-year bond was down 3 points in price
before more recently trading off 2-31/32 to yield 3.671 percent.
U.S. job growth was stronger than expected in June and the
employment count for the prior two months was revised higher.
The healing in the labor market could lead the Fed to slow
its buying of $85 billion per month in Treasuries and mortgage
backed securities as soon as September, analysts said.