March 8, 2013 / 1:40 PM / 5 years ago

Prices for U.S. Treasuries sink after payrolls data

NEW YORK, March 8 (Reuters) - Prices for U.S. Treasuries slumped further on Friday after stronger-than-expected payrolls data.

The benchmark 10-year note fell 20/32 to yield 2.063 percent after the data. The 30-year bond dropped 1-06/32 to yield 3.264 percent.

Nonfarm payrolls surged 236,000 jobs last month, the Labor Department said on Friday, handily beating economists’ expectations for a gain of 160,000. That took the unemployment rate to a four year-low.

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