NEW YORK, Aug 5 (Reuters) - U.S. Treasury debt prices fell substantially on Friday after highly anticipated non-farm payrolls data beat expectations in July, likely reinforcing the U.S. Federal Reserve's case to steadily raise short-term interest rates.
The U.S. government said the U.S. economy generated 207,0000 new non-farm jobs in July, above economists' expectations of a 183,000 reading and June's upwardly revised result of 166,000 jobs.
Benchmark 10-year notes were 9/32 lower to yield 4.36 percent, compared with 4.32 percent late on Thursday.
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