Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on December 16, 2025. <\/p>\n
Charly Triballeau | Afp | Getty Images<\/p>\n
U.S. Treasury yields were little changed on Friday after the latest jobs report showed a mixed picture of the U.S. labor market. <\/p>\n
The 10-year Treasury yield<\/a>\u00a0was more than a basis point higher at 4.199%. The\u00a02-year Treasury<\/a>\u00a0note was up more than 2 basis points to 3.511%, while the\u00a030-year bond<\/a>\u00a0yield moved less than 1 basis point higher to 4.866%. <\/p>\n One basis point equals 0.01%, and yields and prices move in opposite directions.<\/p>\n The December nonfarm payrolls report<\/a> showed a stable, albeit softening, labor market that may still lead the Federal Reserve to cut interest rates, perhaps as early as the Spring. The U.S. economy added 50,000 new jobs last month, weaker than expected, but the unemployment rate dipped to 4.4%. Economists polled by Dow Jones had expected 73,000 new jobs last month, and the unemployment rate to have dropped to 4.5%. <\/p>\n Fed funds futures are pricing in a 32% likelihood of two quarter point cuts by the end of the year, a little higher from the prior day, according to the CME FedWatch Tool<\/a>. However, odds of an earlier cut in April fell to 47% from 53%. <\/p>\n “We continue to see an environment where companies are slow to hire and slow to fire,” said Art Hogan, chief market strategist at B. Riley Wealth. “The overarching takeaway in today’s report is that there is more good news than bad in the first on-time jobs report in three months.” <\/p>\n Monthly nonfarm payroll reports had been delayed and compromised by the lengthy federal government shutdown in October and November. <\/p>\n Later Friday, investors will monitor whether the U.S. Supreme Court upends President Donald Trump’s tariff policy<\/a> in a decision that will affect trade policy and the country’s fiscal position. It’s not certain that the high court will come to a ruling, but it has scheduled Friday as the first “decision day” of the current term. <\/p>\n