U.S. Treasury yields tumbled Friday after investors considered a far weaker-than-expected July nonfarm payroll report and weighed the effect of President Donald Trump’s raft of new tariffs on economic growth. The 2-year yield note yield plunged more than 24 basis points to 3.702% as traders reassessed the likelihood for a Federal Reserve interest rate reduction at the central bank’s next meeting in September. The 10-year Treasury note yield fell 14 basis points to 4.222% while the 30-year bond yield pulled back 7.6 basis points to 4.809%.
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