MW: Treasury yields, dollar pare rise after jobs data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices turned erased a loss and the dollar's gains got slashed on Friday after the government said the economy added 103,000 jobs in December, while analysts said many in the market were expecting something near 200,000. The unemployment rate fell to 9.4%, while economist expected it to hold steady at 9.8%. The dollar index (DXY 80.86, +0.07, +0.09%) , which tracks the U.S. unit against a basket of six currencies, traded at 80.887, after being above 81 before the report but still up from 80.802 in late North American trading Thursday. The euro (EURUSD 1.2983, -0.0024, -0.1846%) slipped to $1.2983 from $1.3016. Yields on 10-year notes (UST10Y 3.44, +0.04, +1.12%) , which move inversely to prices, sat little changed at 3.40% after being up 2 basis points before the report. Still to come is Federal Reserve Chairman Ben Bernanke's testimony to Congress and the central bank's last bond buyback of the week.
