Bond yields increased Friday as investors reacted to a strong jobs report that included better-than-expected employment numbers and rising wages.

After the jobs release Friday morning, the yield on the benchmark 10-year Treasury note topped 2.9 percent at midday, according to CNBC. Meanwhile, yields on 30 Year Treasurys and 2 Year Treasurys also increased. The yield on the two-year note topped 2.69 percent, its highest level since July 30, 2008.

Jobs number and wages are up

The August jobs report showed encouraging statistics, finishing above expectations at 201,000 total nonfarm payroll jobs.

Continue reading Pressure on rates increasing with strong jobs report at Movement Mortgage Blog.