US Treasury yields fell sharply on Friday due to a disappointing July nonfarm payroll report and new tariffs. Federal Reserve Governor Adriana Kugler’s resignation added to the decline. The 2-year yield dropped over 25 basis points to 3.698%, while the 10-year yield fell 13 basis points to 4.236%. Bond prices surged as the possibility of a Fed rate cut in September increased. The labor market is weaker than expected, leading to concerns about the U.S. economy’s outlook. The benchmark fed funds rate has remained at 4.25% to 4.50% since December. Investors are also watching trade developments closely as tariff rates were adjusted recently.

Read more at Investing.com: Treasury Yields Plunge as Weak Jobs Data Reignites Fed Rate Cut Bets