Treasury Yields Little Changed After Payrolls

2026-05-08 12:46 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note was little changed around 4.38% on Friday, as traders continued to monitor developments in the Middle East while the latest jobs report had limited impact on markets.

Uncertainty remains over how quickly the US and Iran can reach an agreement to end the conflict, after US forces struck missile and drone launch sites, along with other military assets in Iran, which Washington said were linked to attacks on three US warships transiting the Strait of Hormuz.

Still, President Trump said the ceasefire remains in effect.

Meanwhile, the jobs report showed the US economy added 115K jobs last month, nearly double market expectations of 62K.

The unemployment rate held steady at 4.3% while wage growth remained at 0.2% month-over-month, below expectations of a 0.3% increase.

Markets expect the Fed to keep interest rates largely unchanged through the rest of the year, while pricing in roughly a 40% chance of a rate hike by April 2027.



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