Treasurys tumble as March jobs growth exceeds expectations

Date: Fri, 06 Apr 2007 16:01:04 (GMT)
12:00 am ET Apr 5, 2007

DJIA

12,560

+30.15

S&P

1,443

+4.39

NASDAQ

2,471

+12.65

10Yr

4.67%

+0.022

Treasurys tumble as March jobs growth exceeds expectations

NEW YORK
Treasury prices closed sharply lower Friday, sending yields higher,
after the U.S. employment report for March showed the economy adding far
more jobs than had been expected, raising concerns that the Federal
Reserve's next move will be to raise interest rates and not cut them.

Economic Report: March payrolls up 180,000; jobless rate ticks down to
4.4%

WASHINGTON
The nation's labor market remained tight in March with few signs of
weakness in hiring, the Labor Department reported Friday.

Currencies: Dollar surges against rival currencies after March jobs
report

NEW YORK
The dollar surged against the other major global currencies Friday,
rallying after the March jobs report showed the U.S. economy adding far
more jobs than expected.