Treasury yields move higher as investors await key jobs data

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U.S. Treasury yields moved higher on Friday as the conflict between Iran and the U.S. entered its seventh day and investors awaited a key jobs report.

The benchmark 10-year Treasury yield was up more than 2 basis points at 4.175%. The 30-year Treasury bond added more than 2 basis points to yield 4.774%. The 2-year Treasury note yield was 3 basis points higher at 3.629%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

Investors are anticipating the nonfarm payrolls report for February, which is due to be released at 8:30 a.m. ET on Friday. Economists polled by Dow Jones expect 50,000 jobs to be added, lower than the 130,000 payrolls added in January. The unemployment rate is forecasted to hold steady at 4.3%.

Treasury yields move higher as investors await key jobs data

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