(Bloomberg) -- Treasury 10-year note yields fell from the highest in almost three months as investors weighed prospects for the Federal Reserve’s bond purchases after data showed the economy added more jobs than forecast last month.

U.S. 10-year yields erased the increase that followed data showing payrolls grew by 203,000 positions and the jobless rate reached a five-year low. Thirty-year bond yields touched the highest in more than two years. Policy makers at the Fed, which buys $85 billion a month to push down borrowing costs and spur growth, meet Dec. 17-18. They said at their last meeting buying may start slowing “in coming months” as the economy improves.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.