FX.co ★ US 10-Year Yield Steadies Ahead of May Jobs Report

The yield on the US 10-year Treasury note remained steady at approximately 4.39% on Friday, following a week marked by increased volatility as investors looked ahead to the May jobs report for new insights into the state of the US economy. Recently, Treasury yields have been under downward pressure due to a series of disappointing economic indicators. Reports have shown weak jobless claims, underwhelming private employment figures, and an unforeseen decline in services activity, intensifying fears that President Donald Trump’s tariffs are beginning to impact growth. Despite growing economic uncertainties, Trump has continued to advocate for interest rate cuts by the Federal Reserve. However, Fed officials have remained cautious, stressing the necessity for greater clarity on the economic outlook and trade developments before making any policy adjustments.