Mumbai, Aug. 10 -- Treasury yields fell Friday after data showed the U.S. economy unexpectedly lost 23,000 jobs in July, raising fresh concerns about the labor market while dimming the immediate outlook for higher Fed interest rates.

The yield on the 10-year U.S. Treasury note - the main benchmark for mortgages, auto loans and credit card debt - was off by more than 3 bps at 4.63%.

The yield on the 2-year Treasury note which more closely follows short-term Federal Reserve rate expectations, slipped more than 5 bps to 4.19% and hit the lowest level since July 17. The 30-year Treasury yield slipped 2 bps to 5.19%.

Published by HT Digital Content Services with permission from Capital Market....