The 10-year Treasury yield moved higher in reaction to January job growth that was more than double what Wall Street economists had expected. The benchmark yield was up more than 2 basis points at 4.174%, while the 2-year Treasury note yield surged more than 5 basis points to 3.512%, reflecting reduced expectations for Federal Reserve interest rate reductions the rest of this year. The 30-year Treasury yield rose more than 2 basis points to 4.814%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. January nonfarm payrolls totaled 130,000 new jobs, far more than the 55,000 consensus ... (full story)