U.S. sovereign bond yields fell on Friday morning as traders continued to monitor the outbreak of the coronavirus and looked ahead to fresh economic data.
China’s National Health Commission on Friday confirmed 31,131 cases of the deadly pneumonia-like virus in the country, with 636 deaths.
Investors will also be monitoring data with the Labor Department releasing nonfarm payrolls and the unemployment rate for January at 8:30 a.m. ET.The consensus is for a net increase of 158,000 jobs and for the unemployment rate to stay flat at 3.5%, according to economists polled by Dow Jones.
On Thursday, initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted 202,000 for the week ended Feb. 1, the lowest reading since last April, the Labor Department said on Thursday.
But yields received a boost earlier in the session Thursday after China announced it would halve tariffs on $75 billion worth of U.S. imports.
There are no Treasury auctions due on Friday.
—CNBC’s Sam Meredith and Yun Li contributed to this article.