U.S. Treasury yields edged lower in early trading Friday as investors awaited key economic data released later in the day.
of 10 year treasury The benchmark yield on U.S. government borrowing fell more than 2 basis points to 4.3682% by 5:30 a.m. ET.
yield 2 years treasury The interest rate, which moves roughly in line with the Federal Reserve’s short-term interest rate decisions, also fell by 2 basis points to 3.8929%. longer date 30 year treasury Meanwhile, the yield fell by 1 basis point to 4.9524%.
One basis point is equal to 0.01%, or 1/100th of 1%, and yield and price are inversely proportional to each other.
U.S. Treasuries fell on Thursday, with yields rising in trade, as oil prices pared losses amid continued uncertainty over the U.S.-Iran conflict.
west texas intermediate Futures prices were down 0.4% on Friday morning at $94.43 a barrel.
U.S. nonfarm payrolls and the April unemployment rate are expected to be released later by the Bureau of Labor Statistics, as traders assess how key data releases could shape the Fed’s interest rate trajectory in coming months.
According to initial consensus estimates, U.S. payrolls rose by 62,000 in April, following an increase of 178,000 in March, marking the largest payroll increase since December 2024.
Meanwhile, the unemployment rate is expected to remain unchanged at 4.3%.
New data released by the Labor Department on Thursday showed 200,000 new weekly jobless claims for the week ending May 2, an increase of 10,000 from the previous week but below the 206,000 expected by economists compiled by Dow Jones.
