Treasurys, Yen Erase Post-Payrolls Losses

        11:05 EDT - So much for the strong US payrolls report, with the 10-year yield now hitting a fresh three-month low. Digging deeper into the report has some investors calling the 288k jobs gain "more sizzle than steak," while traders say worries over Ukraine are also sending yield lower. "There is a rush back to haven bonds," said Tom di Galoma, head of fixed income rates at ED&F Man Capital Markets. "People are worried that the Ukraine's crisis may be escalating." He pointed to a report that the UN will hold a meeting on Ukraine at noon. Ten-year now flat to yield 2.608%. Yen rallies as well, with USD/JPY falling to 102.28 from Y102.98 right after the payrolls report. (min.zeng@wsj.com; @minzengwsj)
        (END) Dow Jones Newswires

        May 02, 2014 11:05 ET (15:05 GMT)