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U.S. Government Bonds Gain After Hiring Slows in August

U.S. government bond prices rose after the Labor Department said the economy added fewer jobs than expected last month, raising new concerns about slowing growth.

The yield on the benchmark 10-year Treasury note fell, settling at 1.552% from 1.604% before the report. The 10-year note had settled Thursday at 1.569%. On a weekly basis, the yield rose, snapping a streak of five consecutive declines.


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