Treasury yields slide after Williams suggests Fed could cut again in December

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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