NEW YORK Nov 8 Prices for U.S. Treasuries fell
sharply on Friday after data showed a stronger-than-expected
rise in payrolls for October, suggesting resilience in the U.S.
economy despite a federal government shutdown in the first half
of the month.
The benchmark 10-year note dropped 27/32 in
price to yield 2.712 percent. The 30-year bond
fell 1-05/32 to yield 3.793 percent.
Employers added 204,000 new jobs to their payrolls last
month, the Labor Department said on Friday. The unemployment
rate, however rose to 7.3 percent from September's nearly
five-year low of 7.2 percent.