The 10-year U.S. Treasury yield was little changed on Friday as investors digested an August jobs report that showed an easing labor market, as concerns about an economic slowdown have been growing.
The yield on the 10-year Treasury was less than 1 basis point lower at 3.732%. The 2-year Treasury yield was last more than 4 basis points lower at 3.714%.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
Nonfarm payrolls expanded by 142,000 in August, the Labor Department reported on Friday. Economists surveyed by Dow Jones expected an increase of 161,000 on the month, and forecast the unemployment rate eased slightly to 4.2%. The unemployment rate ticked down 4.2%, meeting the Dow Jones estimate.
That comes after data released Thursday showed that private payrolls grew by 99,000 in August, far lower than the 140,000 estimate. The figures renewed concerns about an economic downturn and a softening labor…
