U.S. Treasury yields inched higher on Friday as investors weighed a trading week dominated by a global bond selloff and awaited a key jobs report. The benchmark 10-year Treasury yield was up less than 1 basis point to 5.243%, while the 30-year Treasury bond yield rose over 1 basis point to 5.618%, after hitting its highest level in 24 years the previous day. The 2-year Treasury note yield was little changed at 4.787%.
Investors are awaiting September's nonfarm payrolls report, due on Friday morning, with the Dow Jones consensus estimating 84,000 jobs added to the U.S. economy and the unemployment rate holding steady at 4.1%. Traders are currently pricing in a 72% chance that the Federal Reserve will keep interest rates unchanged in its October meeting, according to the CME Group's FedWatch Tool.
U.S. Treasury yields inch higher, 30-year hits 24-year high, ahead of key jobs report
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