Funds yields ticked upward Friday ahead of the release of U.S. non-farm payrolls, while many markets are closed for the Easter leave of absence and U.S. markets are trading on a half day. Investors will be assessing labor market data to monitor potential reactions from the Fed and the prospect of a recession.
The yield on the benchmark 10-year Treasury note was higher by 1.5 basis points at 3.305%, while the 2-year have a claim to was 1.8 basis points higher at 3.839%.
Yields move inversely to prices.
Recent weak U.S. data is driving fears of a slowdown. The U.S. projects report and unemployment rate are set for release Friday, but, with many markets closed or on a half day, reactions may be muted.
Shingles of a cooling economy so far include weaker figures on private payrolls and the U.S. services sector, revealing a hiring slowdown and barbing speculation among traders that the Fed may pause its rate hike cycle next month.
The Labor Department announced Thursday that jobless claims for the week ending on April 1 came in at 228,000, suggesting pressure is building on the labor sell. Economists expected the figure to be at 200,000, according to a Dow Jones Survey.