Yields on Treasuries edged higher after the US jobs report showed the labour market continued to tighten with the US economy creating the most jobs in four months.

The yield on the US 10-year Treasury climbed up to 2.577 up from 2.5648 per cent before the report. Yields move inversely to prices.

Meanwhile, the dollar index, a gauge of the buck against a weighted basket of peers, rose 0.2 per cent to 97.98.

US stock futures also held their gains with S&P 500 futures up 0.4 per and Nasdaq 100 futures up around 0.6 per cent.

The report showed hiring in April rose by the most in four months, while the unemployment rate was at its lowest since 1969. However, average hourly earnings growth stagnated.

The wage figures come after Federal Reserve chair Jay Powell on Wednesday said “transitory” factors may be weighing on price growth. Policymakers have indicated no immediate need to move interest rates either higher or lower, with the central bank still watching intently for a rebound in inflation.



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