US Treasury yields climb after strong jobs data

U.S. government debt yields rose Wednesday morning after a report showed that companies continued to hire at a quick pace in October, suggesting further economic strength. At around 9:47 a.m. ET, the yield on the benchmark 10-year Treasury note , was higher at around 3.147 percent, while the yield on the 30-year Treasury bond was also higher at 3.38 percent. The latest employment data from ADP and Moody's comes two days ahead of the Labor Department's monthly report on the employment situation in the United States.