NEW YORK (AP) _ Treasury prices rose Thursday, amid hopes a jobs report due out Friday will show inflation is in check.

The price of the benchmark 10-year Treasury note rose 5/32 point, or $1.563 per $1,000 in face value. Its yield, which moves in the opposite direction, fell to 5.95 percent from 5.97 percent late Tuesday.

The 30-year Treasury bond rose 11/32 point, with its yield falling to 5.74 percent from 5.76 percent late Wednesday, according to Bridge Telerate news service.

Traders are expecting the July employment report due out Friday to show steady unemployment rate and steady wage growth. Such a showing would likely prompt Federal Reserve policymakers to keep interest rates unchanged at their Aug. 22 meeting.

Higher interest rates hurt bonds, which pay a fixed rate of return.

In other trading, yields on three-month Treasury bills were 6.15 percent as the discount fell to 5.98 percent. Yields on six-month bills were 6.31 as the discount fell to 6.04. One-year yields and their discount fell to 6.07 percent as the discount fell to 5.78 percent.

Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.

The federal funds rate, the interest on overnight loans between banks, rose to 6.44 percent from 6.38 percent late Wednesday.

In the tax-exempt market, the Bond Buyer index of 40 actively traded municipal bonds rose 5/16 to 98 11/32. The average yield to maturity rose to 5.82 percent from Wednesday's 5.79 percent.