TREASURIES-Yields hit three-month highs on strong jobs data
* Ten-year yields hit 2.93 percent, highest since September
* Strong jobs data raises bets that Fed will act sooner
By Karen Brettell
NEW YORK, Dec 6 (Reuters) - U.S. Treasuries yields jumped to
their highest since September after data showed that U.S.
employers added 203,000 jobs in November, raising expectations
that the Federal Reserve will begin paring its bond-purchase
program in the coming months.
Employers hired more workers than expected, and the jobless
rate fell to a five-year low of 7.0 percent, the lowest since
The strength of the data increased bets that the Fed may
begin paring its $85 billion-a-month program at its January
meeting, and some traders say the U.S. central bank could act as
soon as this month.
"It pulls forward some expectations, potentially for a
December taper," said Ira Jersey, an interest rate strategist at