U.S. government debt yields moved lower Friday as investors awaited a host of fresh economic data.
At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6153% while the yield on the 30-year Treasury bond declined to 1.2802%. Yields move inversely to prices.
Nervous investors are keeping a close eye on the U.S. jobs market. U.S. jobless claims totaled 2.981 million last week, lifting the total number of unemployment insurance claims filed during the coronavirus crisis to nearly 36.5 million — by far the biggest loss of jobs over a similar period in U.S.