Treasury yields jump after economy adds more than 300,000 jobs in January

Treasury yields jumped on Friday after the Labor Department said the American economy added more than 300,000 jobs and more people entered the workforce in the month of January. While fixed-income investors awaited the latest look at the employment and wage situation, much of the action so far this week has stemmed from the Federal Reserve's monetary policy decision on Wednesday. The central bank kept the federal funds rate steady as expected, but also vowed to be "patient" when adjusting monetary policy in the future.