Investors sold Treasury bonds on Friday as the U.S. employment report for September brightened the economic outlook and sapped demand for haven assets. In recent trading, the benchmark 10-year note was 8/32 lower, yielding 2.465%, according to Tradeweb.

The yield was 2.439% right before the release. Yields rise as prices fall.

The U.S. economy added 248,000 nonfarm jobs in September, according to a report from the Labor Department. Economists had expected 215,000. August’s job growth was revised to 180,000 from 142,000 previously reported.

The unemployment rate fell to 5.9% last month, while economists had expected the rate to stay at 6.1%.

“The economy is headed in the right the direction and the positive report sent bond prices lower,” said Larry Milstein, head of government and agency trading at R.W. Pressprich & Co. in New York. “But we still don’t get the wage growth we want to see. I think the Federal Reserve has plenty of time before raising interest rates.”

The Fed is expected to end its bond-buying program this month and to start raising rates in 2015 for the first time since 2006. Higher interest rates make newly minted bonds more attractive to buy, diluting the value of existing bonds.

Last month, worries over the path of the Fed’s interest rate at one point sent the 10-year yield above 2.65% to a two-month high, but concerns about the struggling economy in the eurozone and a slowing economy in China sent bond yields lower. Political unrest over the past week has added to concerns over geopolitical risk, boosting demand for haven assets.

The 10-year note’s yield on Wednesday posted the biggest one-day decline since January and closed at 2.405%, the lowest level in more than a month.