Treasury Yields Hold Steady Ahead of August Jobs Report

U.S. Treasury yields remained steady on Friday morning as investors awaited the release of August nonfarm payrolls and unemployment data. The 10-year Treasury note yield held at 4.7541%, while the 2-year and 30-year yields remained at 4.3390% and 5.2328%, respectively.

Economists polled by Reuters anticipate an increase of 56,000 jobs for August. This expectation follows a decline in July and a lower-than-expected ADP private payrolls report released Wednesday. Market participants are monitoring these labor statistics and upcoming inflation data to gauge the likely interest rate decision of the Federal Reserve System scheduled for September 15-16.

Amid the anticipation of the central bank's move, Vice President JD Vance called on the Federal Reserve to reduce interest rates to improve housing affordability.