By David Randall
       NEW YORK, Jan 5 (Reuters) - U.S. Treasury yields popped
higher Friday, continuing a week long sell-off, after the
closely watched non-farm payrolls report showed continuing
strength in the labor market.
    Jobs have become a key focus as investors look to anticipate
the timing of the first interest rate cut by the Federal
Reserve. Persistent strength in the labor market threatens to
re-accelerate inflation, forcing the Fed to maintain or raise
rates after its most aggressive rate-hiking cycle since the
early 1980s.  
    The yield on 10-year Treasury notes was up 8.5
basis points at 4.076%. It had been up approximately 4 basis
points before the jobs report was released. The yield on the
30-year Treasury bond was up 8 basis points at
4.215%. 
    The two-year U.S. Treasury yield, which typically
moves in step with interest rate expectations, was up 8.4 basis
points at 4.466%. 
        
  
        January 5 Friday 8:35AM New York / 1335 GMT
                               Price        Current   Net
                                            Yield %   Change
                                                      (bps)
 Three-month bills             5.2425       5.3983    0.003
 Six-month bills               5.0775       5.2958    0.022
 Two-year note                 99-153/256   4.4642    0.082
 Three-year note               100-94/256   4.2396    0.091
 Five-year note                98-146/256   4.07      0.097
 Seven-year note               97-252/256   4.0848    0.089
 10-year note                  103-108/256  4.0742    0.083
 20-year bond                  104-232/256  4.3772    0.082
 30-year bond                  109-8/256    4.2151    0.080
 

 (Reporting by David Randall; Editing by Susan Fenton)