By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- Treasurys made a sharp rebound Friday after the November jobs report showed far weaker growth in payrolls than expected. Yields on the 10-year Treasury (UST10Y 3.04, +0.05, +1.50%) , which move inversely to prices, fell 7 basis points to 2.93%. They had risen to 3.03% ahead of the 8:30 a.m. report. Yields on 2-year notes (UST2YR 0.57, +0.02, +4.42%) , which track Federal Reserve rate expectations, were down 6 basis points to 0.48%. They were up 2 basis points at 0.56% earlier. The Labor Department said nonfarm payrolls rose by 39,000 in November versus the 155,000 gain expected by economists polled by MarketWatch.
