U.S. government debt prices were lower on Friday, as a sharp plunge on Wall Street roiled global equity markets.
The yield on the benchmark 10-year Treasury note rose to 0.64%, while the yield on the 30-year Treasury bond was also higher at 1.36%. Yields move inversely to prices.
Stocks dived sharply on Thursday, retreating from their all-time highs, as the technology sector suffered its biggest drop in months. The Dow Jones Industrial Average tumbled more than 1,000 points at its session low.
Wall Street looked set to fall deeper into the red on Friday's session, with Dow futures tumbling over 100 points while S&P 500 and Nasdaq 100 futures were also in negative territory.
Investors are awaiting a key monthly jobs report on Friday, which is expected to show payrolls continued to recover in August. Economists polled by Dow Jones forecast that 1.255 million jobs were created last month, versus a 1.763 million gain in July.
There are no Treasury auctions scheduled for Friday.
"Market" - Google News
September 04, 2020 at 02:41PM
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Treasury yields higher amid stock market rout - CNBC
"Market" - Google News
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