Treasury yields were lower on Friday as investors look for clues on the shape of the U.S. economy and the direction of monetary policy. The yield on the benchmark 10-year Treasury fell more than 4 basis points to trade at 4.056%. Yields across the maturity curve ticked lower, with the 2-year Treasury yield also shedding more than 4 basis points to 3.516% and the longer-term 30-year Treasury’s yield being down more than 3 basis points at 4.698%. Global markets are digesting Thursday’s delayed non-farm payrolls report, which showed the economy added more jobs than expected in September, but the unemployment rate also rose to 4.4% — its highest level since Oct. 2021.
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