After the Fed cut, investors process unemployment data, causing treasury yields to decrease.

On Friday, U.S. Treasury bond yields decreased after the release of lower-than-anticipated jobless claims following the Federal Reserve's jumbo rate reduction.

The 10-year Treasury yield was approximately 2 basis points lower at 3.722%, while the 2-year Treasury note yield decreased by around 1 basis point to 3.597%.

Prices and yields move in opposite directions. A basis point is equivalent to 0.01%.

The number of initial jobless claims for the week of Sept. 14 was lower than anticipated, decreasing from the previous week. According to a poll of economists by Reuters, they had predicted 230,000 claims for the period.

The Federal Reserve's decision to cut interest rates by 50 basis points on Wednesday was made amid a week of central bank rate decisions, including the Bank of England's announcement to hold interest rates steady after cutting rates for the first time in over four years in August.

In Asia, the Bank of Japan maintained its benchmark interest rate at approximately 0.25%, which is the highest rate since 2008, while China left its benchmark lending rates unchanged at the monthly fixing, despite market watchers expecting a slight reduction from The People's Bank of China.