The 10-year Treasury yield remains near its highest point since April, with investors anxiously anticipating the release of crucial employment information.

On Friday, the U.S. Treasury yields were near their highest point since April, as investors anticipate the publication of crucial employment information.

On Wednesday, the 10-year Treasury yield reached its highest level since April at 4.7%, while the 2-year Treasury was nearly 3 basis points higher at 4.291%.

Yields and prices move in opposite directions, with one basis point equal to 0.01%.

The nonfarm payrolls reading for December, which will be published at 8:30 a.m. ET, is eagerly awaited by investors. This report is a crucial indicator of the U.S. economy's health and will be one of the last significant pieces of data to be released before the Federal Reserve's meeting at the end of January. The report's outcome can impact the Fed's decision on interest rate policy.

The U.S. is predicted to have added 155,000 jobs in December, a decrease from the 227,000 jobs added in November, according to a survey of economists by Dow Jones. At the same time, the unemployment rate is expected to remain unchanged at 4.2%.

Some experts on Wall Street anticipate that the hiring numbers will be weaker than predicted.

Officials expressed concerns about inflation and the effects of President-elect Trump's policies on interest rate cuts in 2025, as shown in the December meeting minutes released on Wednesday.

The New York Stock Exchange was closed on Thursday for a national day of mourning for the late former U.S. President Jimmy Carter, resulting in early closure of bond market trading at 2 p.m. ET.