Treasury yields hit 11-month high after upbeat US jobs data

US treasury yields have jumped to an 11-month high after better-than-expected US jobs data boosted market sentiment.

The US economy added 236,000 jobs in February, well ahead of economists' expectations of a 160,000 gain, pushing US unemployment to a four year low of 7.7%. The benchmark 10-year treasury yield jumped from 2.01% to 2.07% following the Bureau of Labor Statistics (BLS) announcement, the highest point since last April. The upbeat report underlined the US economy's improving health, which is also being spurred on by signs of a recovery in the housing market. In currency markets, the US dollar continued to correlate with equity markets' improving fortunes - a reversal of the trend seen ...