Authorities bond yields rise barely forward of August job information

US Treasury yields rose slightly on Friday morning before the August job report was released.

The benchmark 10-year government bond yield gained less than one basis point, rising to 1.295% at 4:15 p.m. ET. The yield on the 30-year government bond rose less than one basis point to 1.91%. The returns move inversely to the prices and 1 basis point equals 0.01%.

The August Outside Farm Payroll Report is due to be released Friday at 8:30 p.m. ET.

Economists polled by Dow Jones estimate 720,000 new jobs were created in the month, up from 943,000 in July. The unemployment rate is projected to fall to 5.2% from 5.4% in July.

Investors will look closely at the data as the Federal Reserve takes advantage of the US labor market recovery to gauge when to tighten monetary policy.

The release of the highly anticipated job report follows better than expected unemployment claims data released on Thursday. The Department of Labor reported that 340,000 jobless claims were filed for the week ending August 28, up from an estimate of 345,000.

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However, ADP’s monthly employment change report released Wednesday showed that private payrolls rose only 374,000 in August. While this was above the 326,000 new jobs added in July, it was well below the Dow Jones estimate of 600,000 new payrolls.

Regarding other economic data to be released on Friday, Markit will release its final purchasing managers index for August at 9:45 a.m. ET. ISM will then release its non-manufacturing PMI for August at 10 a.m. ET.

There are no auctions on Friday.

– CNBC’s Maggie Fitzgerald contributed to this market report.

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