Bond Report: Bond yields rise as jobs data will show whether rally has been warranted

Bond yields rose on Friday ahead of pivotal data that will show whether a rally in bond prices has been justified.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Ywas 4.63%, up 4.1 basis points. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Ywas 4.18%, up 2.7 basis points. The yield on the 30-year Treasury BX:TMUBMUSD30Ywas 4.28%, up 2.5 basis points. What’s driving markets Economists expect the U.S. Labor Department to