Investors anticipate the August jobs report, causing Treasury yields to decrease.

On Friday, U.S. Treasury yields were lower due to investors preparing for the August jobs report release, as economic slowdown concerns have been increasing.

At 6:07 a.m. ET, the yield on the was down by more than 3 basis points at 3.7%. The yield was last more than 3 basis points lower at 3.716%.

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

The August jobs report, which is crucial for investors, is being closely watched amidst concerns about the economy and labor market. According to a survey by Dow Jones, economists predict that nonfarm payrolls will increase by 161,000 in August and the unemployment rate will decrease slightly to 4.2%.

The lower-than-expected growth in private payrolls in August, as shown in data released Thursday, has renewed concerns about an economic downturn and a softening labor market, which were first prompted by July's weaker-than-expected jobs report.

The number of weekly initial jobless claims decreased from the previous week, as shown in figures released on Thursday.

The upcoming Federal Reserve meeting, scheduled for Sept. 18, will conclude with an interest rate decision. Markets anticipate a rate cut, with a 57% chance of a 25-basis-point reduction and a 43% probability of a 50-basis-point cut, as indicated by CME Group's FedWatch tool.

Economic data releases, such as Friday's jobs data and inflation figures, will be closely examined by investors for indications about the future direction of Fed policy and interest rates.