Ten-year U.S. Treasury yields fell slightly Friday but remained above the 1.5% level, ahead of information later in the morning showing the number of jobs added in February.
The yield on the standard 10-year treasury note began at 3:30 p.m. Down to 1.545%. The yield on the 30-year Treasury bond fell to 2,294%. Yields move inversely to prices.
The U.S. Bureau of Labor Statistics released its February employment report at 8:30 p.m.
Economists expect 210,000 payrolls to be added in February, compared to just 49,000 in January, according to Dow Jones. The unemployment rate is expected to have remained at 6.3%.
The 10-year yield reached 1.55% on Thursday following comments from Federal Reserve Board Jerome Powell on inflation. Powell said he expects inflation to rise as the economy recovers, but he thinks it will be temporary.
“We expect that when the economy reopens and hopefully increases, we will see inflation increase through the base effects,” Powell told a Wall Street Journal conference. “It could push prices up.”
There are no auctions that will be held on Friday.
– CNBC’s Patti Domm and Jeff Cox contributed to this report.