Treasury yields fall as investors brace for August jobs report

U.S. Treasury yields dropped on Friday as investors awaited the release of the August jobs report amidst concerns about a slowing economy. The 10-year Treasury yield fell over two basis points to 3.7042%, while the 2-year Treasury yield dropped over three basis points to 3.7165%. The August jobs report is expected to show an increase of 161,000 nonfarm payrolls and a slight decrease in the unemployment rate to 4.2%. These figures come after concerns were raised by weaker-than-expected job data in July and low private payroll growth in August. Investors will closely monitor economic data releases for insight into Federal Reserve policy and future interest rates.