The short duration and the long duration treasury yields inched higher after the data in the US showed sharp rise in wages along with a drop in the unemployment rate. A big miss in the non-farm payrolls headline figure and the downward revision of the previous month’s number got overshadowed by strong wage growth of 0.5% m/m. The 10-yr treasury yield jumped more than 5 basis points from the daily lows to trade around 1.87%-1.88%; largely unchanged on the day. The 2-yr note, which mimics short-term rate hike expectations, also witnessed a similar move to trade more than three basis points on the day at 0.75%. For more information, read our latest forex news.