Bills and short-term notes led the rest of the Treasury market higher yesterday as anticipation of a decline in the November nonfarm payroll number due out Friday encouraged hopes for another easing by the Federal Reserve.

By late in the afternoon, shorterm notes were up 1/8 point or more, while the 30-year bond closed 1/16 higher and yielded 7.88%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.