Treasury yields rise as surge in oil prices boost inflation outlook; jobs report misses expectations

U.S. government debt yields inched higher Friday after crude oil prices jumped nearly 5 percent, easing fears of falling inflation that have contributed to flattening of the so-called yield curve. A recent fall in oil prices has contributed to market anxieties that the Federal Reserve's inflation expectations may have been too high and that continued increases to the federal funds rate would be too much for debt-laden corporations to digest. The price of Brent crude, the international benchmark for oil prices, rose $2.92, or 4.86 percent to $62.90 a barrel by 9:04 a.m. ET.