US yields rise after stronger than expected jobs gains in May

June 6 (Reuters) - U.S. Treasury yields rose after data on Friday showed that employers added more jobs than economists had expected in May, while average hourly earnings also rose more than was forecast.

Employers added 139,000 jobs last month, above estimates for a 130,000 increase. Average hourly earnings increased 0.4% in May, above expectations for a 0.3% increase. The unemployment rate held steady at 4.2%, as expected.

The yield on benchmark U.S. 10-year notes US10YT=RR was last up 5.1 basis points on the day at 4.446%. Interest rate sensitive two-year note yields US2YT=RR rose 3.8 basis points to 3.962%.