The yields of the Treasury bond The US fell on Friday, after data showed that wage inflation eased in December, despite the fact that the economy created more jobs than expected, reaffirming expectations that the Federal Reserve will continue to raise interest rates, but at a slower pace.
The data showed that US nonfarm payrolls added 223,000 jobs last month. Economists polled by Reuters had forecast an increase in payrolls of 200,000 jobs.
Average hourly earnings rose 0.3% in December, after 0.4% the previous month, cutting the year-on-year rise to 4.6% from 4.8% in November.
In early morning trading, the 10-year US bond yield was down 3.6 basis points (bp) to 3.687 percent.
The two-year bond yield was down 5.1 basis points to 4.401 percent.
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