TREASURIES-US yields jump as jobs gains beat expectations

Jan 10 (Reuters) - Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 on Friday after data showed that employers added 256,000 jobs in December, far surpassing economists’ expectations, while the unemployment rate fell.

Employers were expected to have added 160,000 jobs during the month. The unemployment rate dipped to 4.1%, below forecasts for 4.2%.

Benchmark 10-year Treasury yields US10YT=RR reached 4.786% while 30-year yields US30YT=RR jumped to 5.005%, both the highest since November 2023.

(Reporting By Karen Brettell
Editing by Christina Fincher)

((karen.brettell@thomsonreuters.com;))