Treasury Yields Down From Thursday Following Jobs Report

Treasury yields ticked higher Friday morning, though they remained below yesterday's levels, after fresh labor market data showed modest job growth and a slight increase in the unemployment rate. Both the two-year and 10-year Treasury yield had been falling through the week after recent data showed a slowing economy, falling consumer confidence and job openings at their lowest level since March 2021. Investors were hopeful that the Federal Reserve is able to navigate a "soft landing" without raising rates further.