TREASURIES-US yields fall after weaker than expected payrolls data

NEW YORK, Aug 1 (Reuters) - U.S. Treasury yields fell after data showed on Friday the world's largest economy created fewer jobs than expected in July, increasing the odds that the Federal Reserve will resume cutting interest rates at the September meeting.

U.S. two-year yields, which are tied to the Fed's monetary policy, dropped 14.2 bps to 3.811% US2YT=RR.